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Leave Travel Concession

Tax queries 2446 views 2 replies

Please tell me the rules and procedure for working out Leave Travel Concession....!

Replies (2)

As it is cleared that LTA can be claied for two journeys in block of four years. what if i travel twice in same calendar year and claim that as LTC for that particular block?

a govt employee got LTC on 5th march 2011 for 25000/-,so as per the rules LTC follows calender basis so i can avail the exemption till dec 2011  but whether the recd amount will be taxable in financial year 10-11 or not?????
 


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