Dear Seniors, Please do help with the slab for LTA component which is included in CTC. To calculate salary break ups.
From India, Visakhapatnam
Acknowledge(0)
Amend(0)
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Dear Jananiverma Please find enclosed basics on LTA posted sometimes ago on the forum. Hope this is of use to you. Regards Govil Nanda8-)
From India, Delhi
Acknowledge(0)Amend(0)
10From India, Delhi
Acknowledge(0)Amend(0)
Hi Govil,
Thank you for providing information. Could you please let me know the slabs of LTA to calculate CTC for salary breakups, so that it can be included in the pay structure and pay slips? LTA is also a component of salary earnings.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Thank you for providing information. Could you please let me know the slabs of LTA to calculate CTC for salary breakups, so that it can be included in the pay structure and pay slips? LTA is also a component of salary earnings.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Hi Janani,
LTA nowadays is included in CTC by most of the companies. It depends on your policy of LTA. If it's based on a year, then you have to divide the amount by 12 and place it on a monthly basis. If it's for 24 months, then divide by the same across 24 months.
The other option, if you wish to avail, is to give the employee the option to withdraw the total amount or in two installments on a six-month basis. Either way, it can be a part of CTC, and LTA mentioned twice in a year's payslip.
Hope this solves your query.
Regards,
AJ
From India, Thana
Acknowledge(0)Amend(0)
LTA nowadays is included in CTC by most of the companies. It depends on your policy of LTA. If it's based on a year, then you have to divide the amount by 12 and place it on a monthly basis. If it's for 24 months, then divide by the same across 24 months.
The other option, if you wish to avail, is to give the employee the option to withdraw the total amount or in two installments on a six-month basis. Either way, it can be a part of CTC, and LTA mentioned twice in a year's payslip.
Hope this solves your query.
Regards,
AJ
From India, Thana
Acknowledge(0)Amend(0)
Hi Think Jobs,
Thank you for your reply. Our company includes LTA in the CTC component. Could you please let me know by what percentage slab is LTA calculated over the basic salary for amounts above 10,000/- per month? For salaries below 10,000/-, it is calculated at 10% over the basic.
I look forward to your response.
Thank you.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Thank you for your reply. Our company includes LTA in the CTC component. Could you please let me know by what percentage slab is LTA calculated over the basic salary for amounts above 10,000/- per month? For salaries below 10,000/-, it is calculated at 10% over the basic.
I look forward to your response.
Thank you.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Hi Janani,
I believe you will need to utilize the reverse process here. I assume you already have LTA slabs for employees based on their grades or positions within the firm. Please arrange to divide it by 12 or 24, whichever period you provide the LTA for, and then include it in the monthly salary.
Regards,
AJ
From India, Thana
Acknowledge(0)Amend(0)
I believe you will need to utilize the reverse process here. I assume you already have LTA slabs for employees based on their grades or positions within the firm. Please arrange to divide it by 12 or 24, whichever period you provide the LTA for, and then include it in the monthly salary.
Regards,
AJ
From India, Thana
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.
CTC SALARY SLIP FORM.xls