Query Regarding LTA Eligibility
My query regarding LTA is as follows:
Our company considers LTA payment from April to March. An employee goes on maternity leave from April to July and does not return after the completion of 3 months. The company pays her salary for July and August. She resigns on 14th October but does not serve the notice period. In fact, she hasn't served the company in the current financial year. Is she eligible for LTA? How would the pro-rata calculation of LTA be worked out?
Need a reply ASAP, please.
Regards,
Trishna Chopra
From India, Pune
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My query regarding LTA is as follows:
Our company considers LTA payment from April to March. An employee goes on maternity leave from April to July and does not return after the completion of 3 months. The company pays her salary for July and August. She resigns on 14th October but does not serve the notice period. In fact, she hasn't served the company in the current financial year. Is she eligible for LTA? How would the pro-rata calculation of LTA be worked out?
Need a reply ASAP, please.
Regards,
Trishna Chopra
From India, Pune
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If the employee has been confirmed with the company, then you will have to pay on a pro-rata basis. The calculation is as follows: Annual LTA/12 X number of months in service for that financial year.
Regards,
Ashish
From India, Mumbai
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3Regards,
Ashish
From India, Mumbai
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Also if the employee has not served notice period than you can deduct salary in lieu of Notice period while doing FULL N FINAL Settlement. Regards Ashish
From India, Mumbai
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From India, Mumbai
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Dear Mr Ashish i have a doubt whether an employee is eligible if he/she is not attended duty in full financial year regards jayachander
From India, Madras
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From India, Madras
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