Hello dear friends I want to Know Some details of Salary Component LTA and how LTA is calculated and do the company had any benefits in give LTA to employees . Rgrds Vinay
From India, Hyderabad
Acknowledge(1)
Amend(0)
24From India, Hyderabad
Acknowledge(1)Amend(0)
As per my understanding, the Leave Travel Allowance is subject to a maximum of Rs 15,000 per annum and should be reimbursed once in 2 years to avail of a tax benefit. Some companies would offer a part or a maximum of Rs 15,000 per annum to their employees as part and parcel of their Cost To Company (CTC).
I hope this information helps you.
Best wishes
From India, Mumbai
Acknowledge(0)Amend(0)
I hope this information helps you.
Best wishes
From India, Mumbai
Acknowledge(0)Amend(0)
Hai: Leave Travel Allowance is part of the CTC and it is an annual component subject to a maximum of Rs:15K; and in some org it is given based on the role also and it varies Regards Shanthi
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)
Hi Vinay,
LTA is a part of the salary, and it amounts to 10% of the Basic. It is deducted from the salary every month. At the end of the year, you can claim it by producing the tickets after taking a minimum of 4 days leave. If anyone does not claim it, the amount will go to the company's accounts, which is a benefit for the company.
Please let me know if you need any further clarification.
From India, Hyderabad
Acknowledge(0)Amend(0)
LTA is a part of the salary, and it amounts to 10% of the Basic. It is deducted from the salary every month. At the end of the year, you can claim it by producing the tickets after taking a minimum of 4 days leave. If anyone does not claim it, the amount will go to the company's accounts, which is a benefit for the company.
Please let me know if you need any further clarification.
From India, Hyderabad
Acknowledge(0)Amend(0)
With the new tax regime, I think LTA is going to be taxed or scrapped. For the status quo, maintain the Rs15,000 limit (tax-free); any amount more than this attracts taxation. I hope this ends the matter.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
I am working in Himachal Pradesh. In my salary structure, LTA is deducted at 8.335% on CTC. However, in the Delhi region, I have heard that it is between 10% to 20% on CTC. Which one is correct? Please suggest.
Thank you in advance.
Please email me at [Email Removed For Privacy Reasons].
Thank you.
From India, Gurgaon
Acknowledge(0)Amend(0)
Thank you in advance.
Please email me at [Email Removed For Privacy Reasons].
Thank you.
From India, Gurgaon
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.
Leave Travel Allowance.doc
The Ins & Outs of Leave Travel Allowance.pdf