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ashama87
11

Dear Seniors
Kindly guide on the following two queries as to -
1- Is LTA a part of Gross Salary or CTC?To my knowledge LTA is to be paid at the end of financial year so cant be included in the gross salary.Am i right or wrong?
2- If a company has an insurance cover of Rs.5 Lakhs per employee can a nominal premium be included in employee's salary (as a part of other benefits which make CTC)?
Please guide.Thank you in anticipation.

From India, Ghaziabad
pon1965
604

LTA is paid either at the end of year or monthly on pro-rata as per company policies. It is part of CTC. Medi insurance premia is included in CTC. Pon
From India, Lucknow
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