WebFeb 22, 2024 · You can save up to Rs 24,000 in taxes if you avail of food coupons, a non-taxable salary component. All you need is knowing your salary structure better and accordingly plan your taxes WebJan 23, 2024 · Since the LTA is a component of your salary structure itself, it gets credited to your account as part of your salary on a regular basis. However, if you don’t travel at all …
Understanding the LTA & its benefits - TaxGuru
WebJul 2, 2011 · Posted by urvidave-ppafc4k6 on Jun 30th, 2011 at 11:22 PM. Enterprise Software. Hello Experts, My customer has a new requirement of paying LTA monthly to employees whose salary is less than 4 lacs. A wage type already exists for LTA, which is paid through IT 0015. I added the same wage type in the permissiblity part in SPRO and … WebJun 3, 2024 · Let us try and understand the concept of LTA as well as ways to optimally use LTA allowance through a working illustration. Let us assume Rahul has an annual salary of Rs. 7, 00,000. After all the basic … bronze wrought iron
HRA, LTA, EPF, NPS: Know your salary structure to save taxes
WebMay 8, 2024 · Reviews from Land Transport Authority employees about Salary & Benefits Working at Land Transport Authority: Employee Reviews about Salary & Benefits … WebSep 19, 2024 · Basic salary: This is a fixed, taxable amount that is 40-45% of the CTC and forms the base income of the employee before any allowances or deductions. The … WebMay 6, 2015 · LTA is a part of my salary (CTC) in my current employment with a private firm in Raipur. I have not claimed any tax exemption and paid taxes (TDS) on my LTA amount in financial year 2014-15, as I had not gone for any travel through out the year. The finance department of the company demands travel bills for payment of LTA part of my CTC in ... cardmarket land equilöibrium