Dear Seniors,
Can you guide me in calculating L.T.A. in a CTC breakup. What can be the percentage or what is the criteria. As i have to put this new component in revised CTC of our employees. So tell me how can i go about it?
ratna
From India, Vadodara
1Can you guide me in calculating L.T.A. in a CTC breakup. What can be the percentage or what is the criteria. As i have to put this new component in revised CTC of our employees. So tell me how can i go about it?
ratna
From India, Vadodara
Hi,
Well there is no fixed proportion for LTA that you can put...it would be a part of your Flexible Benefits. It is a Tax Benefit Provided by your company. Ususally FB is 30% of your Basic. LTA is the balance amount left after claiming for Medical & Conveyance and the max limit for Medical is Rs. 15000 pa and Coneyance is Rs. 9,600 the amount left after claiming these 2 can be for LTA
Swetha
From India, Hyderabad
Well there is no fixed proportion for LTA that you can put...it would be a part of your Flexible Benefits. It is a Tax Benefit Provided by your company. Ususally FB is 30% of your Basic. LTA is the balance amount left after claiming for Medical & Conveyance and the max limit for Medical is Rs. 15000 pa and Coneyance is Rs. 9,600 the amount left after claiming these 2 can be for LTA
Swetha
From India, Hyderabad
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