Guys can you help me understand this LTA reimbursement?

If I declare a certain LTA reimbursement, will it be reducing my inhand now? Or is it like during filing ITR next year if I show traveling bills I can get deductions in my total income tax?

My total fixed is 22,05,000. How much should I assign for my LTA reimbursement?

like
Posting as :
works at
You are currently posting as works at

LTA is not deducted from salary. It is a component of salary against which you can apply for tax exemption during the Income Tax Return file. So, if you think you can make a domestic trip of 1L this year then put an LTA of 1L.

Related Posts

Anyone have ceramic coatings applied to your car? What did you pay?

like

25M in NYC - working in finance

Female 🐠s come say hi!

like

CA taxes - if I had an entity go from a LLC to LP in June 2021 do I need to file form 568 through June and then 565 for rest of year OR can I just do 565 for whole year

like

I feel Personal Investing Chatter is like r/investing and this bowl is like r/walstreetbets

like

Do JPMorgan Chase employees get discounts for mortgages, auto loans or credit cars? How are overall benefits?

like

Just bought a home and have some large capex coming up. Redo kitchen/finish basements and other stuff. Does it make sense to pay out of pocket for it if I can afford it or borrow and add on to my mortgage?

Since there is no active lawyer bowl.. any lawyers here practicing healthcare related expertise (eHealth, IP, regulatory, etc… no malpractice)? Particularly from Fasken, BLG, or Osler?

like

Guidehouse what is the policy for reimbursement or paying for travel working as a SC for Guidehouse

like

If your parents from another country want to gift you money (>$1MM), is it better to receive it when you’re in non US citizen status or when you’re in US citizen status? Or does it not matter from a tax perspective?

like

Hello fishes, can we buy land/plot to save long term capital gain tax?

Helping in-laws close on a house in NYC. Does anyone have a sample contract that I can take a look at? We just got the contract to review but wanted to ask the bowl here if I should keep an eye out anything or any advice would be really helpful. First time home buyers!

like

Recently got a verbal offer for a Netsuite Principle Consulting position. I am planning to move in next steps with getting the official offer letter.

Was told there was no room for negotiation, is there anything else I should be pushing for on my overall comp/benefits package to my recruiter?

like

How do we buy corporate bond in India? Reliable platform as well plz

Is the tech sector pulling down the stock market? What stocks are good buys right now? I'm sitting on way too much cash...

like

What do you think of Robinhood vs traditional brokerage accounts?

Any encouraging stories about folks and crypto? Feel like I missed out on the wave and I'm sitting on air 🙃

About to list my townhome for sale in a Chicago suburb. Any suggestions on how to price it right? Should i get a property appraisal? I have done alot of renovations recently and don’t want to price it lower. Realtors i have spoken to suggested based on the recent home sales in the area but not too many similar homes were sold in the zip code to get a good idea. Appreciate ur responses.

like

Pretty naive when it comes to investments. I was talking to the financial planner service my company offers and they suggested a mix of Large Cap Stock 40%, Small Cap Stock 10%, and Foreign Stock 50%. I'm a 27 year old male so still a ways off from retirement. Does this sound reasonable?

like

How do people afford to buy $1M houses in Chicago? Surely not everyone buying them is rich (which is somewhat of a subjective term). My wife and I are 30 and have a combined income of almost $300k and trying to buy something that expensive seems asinine yet people do it. Am I missing something?

likesmartupliftinghelpful

More Posts

Guys lets make more happen in this bowl, yeah??

likehelpful

I’m sure it’s not new to 2022, but I’m feeling more than ever this year how much of “corporate pride” centers around gay men and calls it “lgbtq”. Are gay women, bisexuals, etc. not as palatable for audiences? I’m struggling with this a bit.

like

If anyone is interested in talking about strategy related to blockchain/crypto advertising, just setup a group "Crypto Advertising." Join us!

like

Has anyone worked for masterclass? Thoughts on the job/company?

like

Does anyone Have a solid underinsured deposition outline ?

like

What Do You Think About The MFE Degree? Is it a good deal, or a waste of time and money?

like

At highest point, I had $315k in crypto. After last 6 months of downturn, Celsius and Voyager, all I'm left off is with 40k. I feel so stupid when I think about it. Original investment of 190k. Lost 150k that I can't tell to anyone, even my wife. I don't want her to go through the same level of dismay as me.

We earn good, have decent cars and home. I know I and my family are going to be fine, but still !!!

Share your investment debacle and cheer me up please...

likefunnyhelpfulupliftingsmart

Welcoming any feed back on my resume. I have been applying to supply chain roles (primarily planning and procurement) since May and have not received any interviews. Would love to hear any recommendations on what is missing and/or what kind of roles I should steer toward based on my experience. Thanks and happy holidays!…the rest of the resume will be in the comments.

Post Photo
likehelpfulupliftingsmart

anyone work in Sales at CoStar Group? i’m in the interview process now and want to see what it’s like from a real person perspective, already checked repvue and glassdoor and getting mixed signals CoStar Group

like

Can anyone from McKinsey & Company's Toronto/Canadian offices in the manufacturing/supply chain practice refer for a BA role? I have 2yoe in strategy and operations with a large manufacturing organization and I am interested in moving from internal corporate strategy to consulting.

like

Hello everyone!
I'm looking for referrals for Deloitte and KPMG (Canada)

like

Get out to the San Juans if you haven’t been. Such an incredible part of our state. Aspens are peaking on the Million Dollar Highway

Post Photo
likeuplifting

The desire to win, everyone is born with it, the degree varies
There is also this desire, different people will be different ways or by different things experienced and trigged?
Like motivation?
I personally think
Thinking patterns can be different, but in the end we think of the same thing in general
The formation and maturation of independent thinking skills may have a lot to do with the structure of one's innate brain
If it takes a very special and perfect environment/experience to trigger t

like

Is there anyone who doesn't have a good start in IT even if he/she had skills. And due to dirty office politics and pathetic culture, Fed up of IT lifestyle and wants to leave it desperately.

I think I have become one.

like

My leadership wants to plug me in to DoD work and suggesting I apply for a TS Clearance and a Sec+ cert. I'm hesitant as I'm unsure as to what type of career opportunities would be available in this space. My background is non-technical -cloud pre-sales & BD. Also, have a top 15 MBA.

I intend to apply for a cloud partner or BD role with Azure or AWS next year. Any advice if I should turn down this opportunity?

like

Did you end up spending the full amount your program said you’d spend for books? (Working on my budget 😬)

Has your personality changed after joining?

like
like

Hi.. i am looking for remote/ hybrid role in delhi/ noida. I have 9 yr of wrk experience in M&A, Corporate Finance and Advisory.

Kindly let me know if u guys have any such profile available

like

How difficult is it to get the hang of CMAAS from Audit? Will be senior in assurance at EY, considering trying to join PwC’s CMAAS group as a S1 but feeling like maybe I wouldn’t be prepared as I don’t have much technical accounting experience. PwC

like

Additional Posts in Pwc Sdc

Is it possible to get global deployment in PwC AC?

As in getting opportunities to work in US/international mobility?

like

Hi Fishes,
@i have raised a snapshot and reviewed by respective person but he has given mixed of all 5dimensions which I don’t like,I don’t want to acknowledge it,if I don’t acknowledge the snapshot then my rl can view that not acknowledging snapshot during appraisal review?what is the best way to handle this scenario?
TIA

like

How is the Work Life Balance at PWC SDC?

like

Does pwc sdc have onsite opportunities for Risk Assurance vertical?

like

Deloitte USI or PWC AC - in terms of WLB, Perks, SAP practice (EWM)? At Seniors Associate level

like

What will happen if we fill bad feedback in the PwC Global Survey?

Will they trace back and ask us to leave?

funny

What's salary range for Senior Associate with 8 Years experience in PWC advisory?

like

Hi Guys,
I've just joined pwc a month back and still looking for projects. My domain is app& emerging tech specialised in Mulesoft Integration.
Anyone aware of a good project based on this.

Thanks in advance!!

like
like

I have an offer from PwC and my joining is in March
I am also interviewing with few other companies but nothing is finalised yet

Can I join PwC for now and leave it in a month or so if I get a better offer?

Impact/ conséquences?

like

Hi ... Is there any open position for testing manager??

like

PWC sdc team has good HR team? Any reviews? I am in middle of my interview rounds.

like

I am a Senior 1 with INR 8.5 LPA with approx 6YOE (GRADUATE ONLY).I had got offer from TCS for AM at 12LPA (including bonus and everything and hence have rejected it)
I have got offer from SDC at 16 +2 JB for SA1 and expecting an offer from USI post their disconnect breaks in Jan.
I am thinking of negotiating at SDC .
Suggestions for both designation and package which I should negotiate for in both USI and SDC. Also, which one should be better to work for if package is same.

like
like

Does anyone has any reference for PWC SDC..Asking for a friend please DM

like

How is the variable paid in pwc? Is it given straightway from joining?

like

Hi all,
Can anyone tell me if we will receive mobile phone allowance if we give notice after successful configuration of the phone?

Normally we get the allowance with the subsequent month's salary. But since we are on notice period, will we still get it?

like

Hello, Will I be eligible to get the annual bonus this year if I resign and my last working day falls after 1st Oct?

like

How to Negotiate with HR after accepting offer letter without having another company offer letter ?

like

EY GDS Vs. PWC AC blr?
Competency: workforce transformation
Ctc: EY Is offering pwc offer + 1 lakh + 1 lakh joining bonus
Role: EY senior con, pwc associate
Note: I have joined pwc today. Haven't received an offer from ey yet. Is it worth going ahead with ey and leaving pwc while on probation?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.