How to calculate lta ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2014
Dear Sir,
While issuing job order salary break up given in appointment order. Basic + DA, HRA, Conveyance, Medical & LTA shows in appointment order. But preparation of salary sheet is total i.e. consolidiated. For example Basic & DA 13000, HRA 5000, Conveyance 3000, Medical 3000 & LTA 2000 Total Rs. 26000/-. Monthly salary paid Rs. 26000/- less PT & PF Deductions. In this case how LTA (Leave Travel Allowance) calculated & Paid. Then it applicable to LTA for twice during the block of 4 year? Please clearfiy.
While issuing job order salary break up given in appointment order. Basic + DA, HRA, Conveyance, Medical & LTA shows in appointment order. But preparation of salary sheet is total i.e. consolidiated. For example Basic & DA 13000, HRA 5000, Conveyance 3000, Medical 3000 & LTA 2000 Total Rs. 26000/-. Monthly salary paid Rs. 26000/- less PT & PF Deductions. In this case how LTA (Leave Travel Allowance) calculated & Paid. Then it applicable to LTA for twice during the block of 4 year? Please clearfiy.
02 January 2014
Hi
When it is paid on monthly basis then LTA is paid as taxable.
Contact to your HR for clarfication.
Thanks
When it is paid on monthly basis then LTA is paid as taxable.
Contact to your HR for clarfication.
Thanks
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