Dear Seniors,
Can you guide me in calculating L.T.A. in a CTC breakup? What can be the percentage or what is the criteria? I have to put this new component in the revised CTC of our employees. Please tell me how I can go about it.
Ratna
From India, Vadodara
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1Can you guide me in calculating L.T.A. in a CTC breakup? What can be the percentage or what is the criteria? I have to put this new component in the revised CTC of our employees. Please tell me how I can go about it.
Ratna
From India, Vadodara
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Hi,
There is no fixed proportion for LTA that you can allocate; it would be a part of your Flexible Benefits. It is a tax benefit provided by your company. Usually, Flexible Benefits constitute 30% of your Basic salary. LTA is the amount remaining after claiming for Medical & Conveyance, with the maximum limit for Medical being Rs. 15,000 per annum and Conveyance being Rs. 9,600. The remaining amount after claiming these two can be used for LTA.
Swetha
From India, Hyderabad
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There is no fixed proportion for LTA that you can allocate; it would be a part of your Flexible Benefits. It is a tax benefit provided by your company. Usually, Flexible Benefits constitute 30% of your Basic salary. LTA is the amount remaining after claiming for Medical & Conveyance, with the maximum limit for Medical being Rs. 15,000 per annum and Conveyance being Rs. 9,600. The remaining amount after claiming these two can be used for LTA.
Swetha
From India, Hyderabad
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CTC Breakup.xls
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