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Tchopra
Hi,
My query regarding LTA is as follows :
Our company considers LTA payment from Apr - March. An employee goes on maternity leave form Apr - July and does not return after completion of 3 months. Company pays salary for July & Aug. She resigns on 14th Oct but does not serve notice period. In fact she hasnt served the company in the current finanncial year. Is she eligible for LTA ? how would the pro-rata of LTA calculation be worked out?
Need a reply ASAP pls.
Regards,
Trishna Chopra

From India, Pune
ashishv999
3

Dear Trishna,
Is employee was confirmed with the company. If, confirmed then you will have to pay & on pro-rata basis.
The calc is as follows:
Annual LTA/12 X no. of months in service for that FY year.
Regards,
Ashish

From India, Mumbai
ashishv999
3

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
Anonymous
3

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
ashishv999
3

Dear Jayachander,
If salary is paid in that F.Y. and kindly refer to Trishna's query (Leave was adjusted & there was no Loss of Pay. Salary From April till August is paid to the employee). so the employee is eligible for LTA.
Regards,
Ashish

From India, Mumbai
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