Hi,
I have been working with my current employer since October 2011. I am having LTA as a part of my CTC ever since joining this organisation, however, I have not claimed it till date neither do I have any plans of going out for a vacation till March'16 and the LTA has been accumulating all this while. I would be requiring some funds shortly (Say around August - September'15). Can you please clarify whether I can claim the accumulated LTA (after deducting applicable taxes) at the middle of the year, also, should I wait till October to claim the same as my DOJ this organisation is in October and in that case I would be able to claim the LTA for one extra year completed.
Pls clarify
Rgds,
Suman
I have been working with my current employer since October 2011. I am having LTA as a part of my CTC ever since joining this organisation, however, I have not claimed it till date neither do I have any plans of going out for a vacation till March'16 and the LTA has been accumulating all this while. I would be requiring some funds shortly (Say around August - September'15). Can you please clarify whether I can claim the accumulated LTA (after deducting applicable taxes) at the middle of the year, also, should I wait till October to claim the same as my DOJ this organisation is in October and in that case I would be able to claim the LTA for one extra year completed.
Pls clarify
Rgds,
Suman