Dear All, I am handling Comp. & Ben for my organization. I want to seek advice from you all regarding the LTA limit. What I know the general trend is to give One Month's Basic as LTA but my worry is that for Top Mgt., if they are entitled to 1 month's basic, how realistic is it for them to claim it as per IT rule, they will claim it once in 2 years so eg. if they are entitled to 1 lakh per annum, Is it realistic for them to claim 2 lakhs as LTA?
Should we have one month Basic or lower the amount. What is a good practice? Looking for your views and what are you practicing in your organization.
Should we have one month Basic or lower the amount. What is a good practice? Looking for your views and what are you practicing in your organization.