Exemption for Leave Travel Concession u/s 10(5) of the IT Act

Prashant Bhosale , Last updated: 07 May 2014  
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Section 10(5) of the Income Tax Act, 1961 (along with Rule 2B of the Income Tax Rules) governs calculation of tax exemption on LTA. Each year organizations face significant difficulty while calculating tax exemption on LTA when they carry out the year-end tax compliance work. Following are thelegal

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Prashant Bhosale
(Manager Direct Tax )
Category Income Tax   Report

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