Dear Friends,
I want to know about LTA (Leave Travel Allowance) contribution. ex. My gross salary 45000 so my basic - 13500, HRA -5400, Conveyance- 800, Medical - 1250 & LTA -?. Please let me know how to calculate the LTA contribution (%)
From India, undefined
I want to know about LTA (Leave Travel Allowance) contribution. ex. My gross salary 45000 so my basic - 13500, HRA -5400, Conveyance- 800, Medical - 1250 & LTA -?. Please let me know how to calculate the LTA contribution (%)
From India, undefined
LTA is not calculated as a percentage of salary but it an amount equal to one month/ two months basic salary and is paid once in a year. In your case, there is a mismatch of salary because the total of basic, HRA, conveyance and medical allowance comes to Rs 20950 and by adding monthly element one month basic salary for a year, ie, 13500/12, you get only Rs 1125 which is insufficient to fill up the gap. Please check the components once more and revert.
Madhu.T.K
From India, Kannur
3891Madhu.T.K
From India, Kannur
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
SALARY SHEET CALCULATION.xls