Hi All, We are in the process of framing the LTA policy, so if anybody has the framed policy kindly help us out. Regards, N.Sangeetha
From United States, Irvine
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From United States, Irvine
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Hi!!! I hope this is going to help you..Please find the attachment. Regards Himani
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Hi,
The LTA is applicable for only a certain grade of people, e.g., TL, AM, and above. Also, its amount varies. For a TL grade, a fixed amount x can be set, and for grades above, amount Y. The LTA was traditionally taken only at year-end, but nowadays LTA can also be taken monthly, wherein a certain amount will be added to our accounts; however, this may increase your taxable income.
Hope this information is useful.
Thanks,
Deeps
From India, Mumbai
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The LTA is applicable for only a certain grade of people, e.g., TL, AM, and above. Also, its amount varies. For a TL grade, a fixed amount x can be set, and for grades above, amount Y. The LTA was traditionally taken only at year-end, but nowadays LTA can also be taken monthly, wherein a certain amount will be added to our accounts; however, this may increase your taxable income.
Hope this information is useful.
Thanks,
Deeps
From India, Mumbai
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LTA Policy.doc
Policy Making Guidelines - UNSW.pdf