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LTA calculated on pro-rata basis?
by vempati Ramprasad on Mar 12, 2010 10:35 PM

Hi,

I have declared my LTA as 40000rs. But I claimed only 25000rs. But I resigned In 25th-Feb-2010 itself. I have been working for 5yrs for this company. Now they are saying they will calculate LTA as pro-rata basis and hence I'll get only 10810 only instead of 14500. (Ofcourse taxes will be deducted on this)

My CTC doesnt have any seperate component as LTA. I could opt for LTA, then it'll be taken from Special Allowance.

Should I get 14,500rs or 10810rs? (before taxes apply)

Please let me know.

-ram.

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FAQ on Leave Travel Allowance