Calculation of LTA and Medical Reimbursement
How do I calculate LTA and Medical Reimbursement if the individual joined before 1st April 2012 and the date of joining is 24th November 2011?
LTA = 200
Medical = 200
Thank you,
SHR
From India, Margão
Acknowledge(0)
Amend(0)
How do I calculate LTA and Medical Reimbursement if the individual joined before 1st April 2012 and the date of joining is 24th November 2011?
LTA = 200
Medical = 200
Thank you,
SHR
From India, Margão
Acknowledge(0)Amend(0)
Your question is not clear. What exactly do you want to calculate?
LTA and Medical Reimbursement Details
Normally, LTA is 5% of the basic amount of salary, and Medical is Rs. 1250 per month. Both amounts are taxable if paid monthly as a salary component.
From India, Pune
Acknowledge(1)
Amend(0)
70LTA and Medical Reimbursement Details
Normally, LTA is 5% of the basic amount of salary, and Medical is Rs. 1250 per month. Both amounts are taxable if paid monthly as a salary component.
From India, Pune
Acknowledge(1)Amend(0)
Thank you for the information. actually my question was the earlier problem in which i had told that i need to calculate LTA. and i need formula to calculate that. Thank you
From India, Margão
Acknowledge(0)Amend(0)
From India, Margão
Acknowledge(0)Amend(0)
I would like to make a small correction. If they submit the bills for medical reimbursement (Rs. 1250/-), it's non-taxable. Regarding LTA, it differs from organization to organization. Some companies give a maximum of 10% of the basic amount. You can claim the LTA benefit only twice during a block of 4 years. For this purpose, the following conditions should be satisfied:
- You should be on leave.
- You should travel anywhere in India.
- During such travel, you may have your family with you.
- Family includes spouse, children, dependent parents, brothers, and sisters.
- Only travel bills get tax exemption.
Regards,
Srini
From India, Hyderabad
Acknowledge(0)Amend(0)
- You should be on leave.
- You should travel anywhere in India.
- During such travel, you may have your family with you.
- Family includes spouse, children, dependent parents, brothers, and sisters.
- Only travel bills get tax exemption.
Regards,
Srini
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Medical Reimbursement Format.doc
ESIC Form-Medical Expense Reimbursement.p df