Dear All, I have some doubts regarding Holiday Allowance. In My CTC they didn't mention any Holiday Allowance Package.
But in Annexure they mentioned as "Holiday Allowance is the payable maximum up to INR 50,000 spread over 12 months."
Kindly Clarify whether this amount is claimable???
Thanks in anticipation.
From India, Tiruppur
But in Annexure they mentioned as "Holiday Allowance is the payable maximum up to INR 50,000 spread over 12 months."
Kindly Clarify whether this amount is claimable???
Thanks in anticipation.
From India, Tiruppur
Dear Sethu
Rs. 50,000/- has been included in your total CTC package ? If Yes...this may refer to Leave Travel Allowance.
This component carry Income Tax Benifits for employees subject to conditions laid down in IT Act, for further information may refer the link
Taxability of Leave Travel Allowance (LTA).
Regards
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
300Rs. 50,000/- has been included in your total CTC package ? If Yes...this may refer to Leave Travel Allowance.
This component carry Income Tax Benifits for employees subject to conditions laid down in IT Act, for further information may refer the link
Taxability of Leave Travel Allowance (LTA).
Regards
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
Dear Shailesh Parikh Holiday allowance are not included in CTC. I quite confuse about this holiday allowance.??? Regards Sethu.
From India, Tiruppur
From India, Tiruppur
Dear Sethu,
Actually your employer should not mention Holiday Allowance in CTC.
If mentioned, you can't claim the same in any way. You can automatically get the same if you attend your duties on Declared Holidays subject to a maximum of INR 50,000 per annum.
Regards,
Ramesh Rao
From India, Hyderabad
Actually your employer should not mention Holiday Allowance in CTC.
If mentioned, you can't claim the same in any way. You can automatically get the same if you attend your duties on Declared Holidays subject to a maximum of INR 50,000 per annum.
Regards,
Ramesh Rao
From India, Hyderabad
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Holiday list for 2016.pdf
Central-Governm ent- of-India-Holida y-List 2016-page-001.j pg