Hello Dear this is CM Dubey and working as a pvt ltd company as Sr. Exacuative (HR). I want to know that what is LTA? pls advice me about this .
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Dubey,
LTA stands for Leave Travel Allowance/Assistance. It differs with different companies. Some companies have it fixed as a certain percentage of the salary, while others have it fixed as a specific amount for each employment cadre.
S. Sethupathy
From India, Coimbatore
Acknowledge(0)Amend(0)
54LTA stands for Leave Travel Allowance/Assistance. It differs with different companies. Some companies have it fixed as a certain percentage of the salary, while others have it fixed as a specific amount for each employment cadre.
S. Sethupathy
From India, Coimbatore
Acknowledge(0)Amend(0)
Dear Mr. Dubey, It depends on the comp. t&c. As per my knowledge, Some companies, may fix the base salary in a month as lta per annum. Thanks & regards, jana v
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Hello Mr. Dubey,
LTA stands for Leave Travel Allowance. LTA can be claimed by any employee up to 2 trips in the block of 4 years. The current block of 4 years is from Jan 2010 to Dec 2013, which means an employee can claim up to 2 trips in the block of these 4 years but only once in a year.
What if an employee takes more than 2 trips? In that case, he can claim any 2 trips of the maximum amount. The LTA bill should be submitted to the company for a claim, and it is tax-exempted. If it is not claimed, it will be added to your salary and will be taxable.
I hope you have gained some insight into LTA. For further information, you may email me at apurva.panwar@rediffmail.com.
Regards,
Mr. Apurva
From India, Mumbai
Acknowledge(0)Amend(0)
LTA stands for Leave Travel Allowance. LTA can be claimed by any employee up to 2 trips in the block of 4 years. The current block of 4 years is from Jan 2010 to Dec 2013, which means an employee can claim up to 2 trips in the block of these 4 years but only once in a year.
What if an employee takes more than 2 trips? In that case, he can claim any 2 trips of the maximum amount. The LTA bill should be submitted to the company for a claim, and it is tax-exempted. If it is not claimed, it will be added to your salary and will be taxable.
I hope you have gained some insight into LTA. For further information, you may email me at apurva.panwar@rediffmail.com.
Regards,
Mr. Apurva
From India, Mumbai
Acknowledge(0)Amend(0)
LTA is Leave Travel Allowance. The application of LTA depends on the personnel policies of the company, and this varies from company to company. Many companies provide this benefit to employees at a fixed sum (or even one month's basic salary). Previously, employees used to receive this sum from the company on the condition that they had to take a minimum of 5 days EL/PL. Currently, in order to receive IT benefits, employees are expected to submit proof of travel (for self & family) and claim LTA as reimbursement. Even now, the condition of taking a minimum 5 days PL prevails.
Trust this clarifies your doubt.
Thanks & regards,
R K Nair
From India, Aizawl
Acknowledge(0)Amend(0)
Trust this clarifies your doubt.
Thanks & regards,
R K Nair
From India, Aizawl
Acknowledge(0)Amend(0)
LTA is to promote the tourism in India and GOI has given tax sops. The travel from Kashmir to kanyakumari for a family may not cross 50K. Companies are free to fix their LTA limit cadrewise. Pon
From India, Lucknow
Acknowledge(0)Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x
Employee Benefits.doc