Hello Fishes,

I've recently joined Ford.

How LTA works at Ford? In my previous organisation, LTA comes with my in-hand salary every month, but not getting it here. Do we have to claim it through travel expenses and is it the only way? Shed some light on this guys, Thanks in advance.

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You have to claim.. I think it's around 1L per year for SG6 to LL6. It's not a part of your CTC and is claimable twice in a span of 4 yrs.

likehelpful

@tata Consultancy 1: Does it not come under FBA component, since you said it’s not part of CTC?

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LTA works same as Phone bill. you have a limit of 1L which can be kept aside in FBA. If you provide bills claiming LTA in any month before 20th, you will be paid that LTA amount in same month salary.
remaining amount still remain in your account and you can claim if before March 20.
Any unclaimed amount in that specific year will be taxed and paid back cutting taxes in salary of March.

likehelpful

Thanks for taking your time to write this. I have a question. How many claims can I make for LTA in a year? Is there any limits to number of claims?

Usually LTA should be coming with in-hand salary for each month. Can anyone from Ford confirm this?

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So LTA component is an option under FBA, where a max of 1L can be set aside. If not needed, we don’t have to choose LTA as an option?

helpful

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