Hi,
I have serious doubts on the LTA. I got an offer from one big company and in the offer letter they mentioned the below details,
Fixed salary is breakup into 50% and 50% first 50% is fully taxable and remaining is flexible.
In flexible they have medical expenses, food coupons, House rent allowance, travel expenses and also LTA.
I'm cleared about all other things except LTA. they mentioned it as a part of salary breakup so will I get the LTA amount monthy?
They mentioned we can make LTA upto 1 lakh per annum. What will happen if i did not take up LTA and accept the 1 lakh per annum/12 amount as my monthly income which is taxable?
Kindly advise.
Thanks
Shiva
I have serious doubts on the LTA. I got an offer from one big company and in the offer letter they mentioned the below details,
Fixed salary is breakup into 50% and 50% first 50% is fully taxable and remaining is flexible.
In flexible they have medical expenses, food coupons, House rent allowance, travel expenses and also LTA.
I'm cleared about all other things except LTA. they mentioned it as a part of salary breakup so will I get the LTA amount monthy?
They mentioned we can make LTA upto 1 lakh per annum. What will happen if i did not take up LTA and accept the 1 lakh per annum/12 amount as my monthly income which is taxable?
Kindly advise.
Thanks
Shiva