Employees who are eligible for Leave Travel Allowance (LTA), as part of their cost-to-company (CTC), can claim reimbursement of expenses incurred on travel. Subject to certain limits and condition Come January, it is time to claim your annual reimbursements such as medical and leave travel al...
Leave Travel Allowance (LTA): Find out the meaning, eligibility, claiming process, exemption limit, section, and stay updated with the latest developments.
Based on their payroll cycle, they provide the agency with salary information and other data such as attendance, leaves, reimbursement details, etc. every month. The agency then calculates dues and is also responsible for complying with statutory compliances. Current Payroll Landscape in India To u...
Gratuity is a payment made to an employee by the employer either at the time of retirement or when he is leaving the job. It is given to the employee once he/she has completed at least 5 years of continuous service. It is mandatory for any employer in the private sector or public sect...
What is the difference between policies, systems and procedures? Difference between hr manual, employee handbook and policy manual Difference between leave travel allowance (lta) and leave travel concession (ltc) reimbursement Related Files & Downloads Shared By Members ...
What is CTC(cost to company), Net Salary, Gross Salary? Benefits and Allowances: What are the variousallowances, like HRA, LTA, Transport Allowance, Medical Reimbursement? Variable payouts such as performance bonus, variable pay, and gratuity. ...
Patient R now passes though a variety of assessment tools by which payment is determined. But the level of impairment and the score improvements are determined by the IRF. Basically, the more impaired the patient, the higher the reimbursement. All in all, a well thought out but complicated me...
In fact, the OfN insufficiently substituted the profit creation mechanism of secondhand markets by implementing a reimbursement system. This adversely created a negative incentive for consumers: Not only were they left with a smaller pecuniary return, they moreover had to buy a new electronic device...
medical reimbursement Leave Travel Concession or Allowance (LTA/LTC) Automobile Allowance Allowance for phones and/or mobile devices Special Compensation What distinguishes a gross wage from a CTC? Gross salary is the total amount of compensation that an employer or business pays an employee for their...
Perquisite:Is any benefit or amenity granted or provided free of cost or at concessional rate such asRent free unfurnished house, Rent free furnished house, Motor car facility, Reimbursement of Gas, Electricity & Water, Club facility, Domestic Servant Facility, Interest Subsidy on Loan , Reimbursem...