Tax deduction allowed on LTA

CA. Amit Daga , Last updated: 01 April 2008  
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Leave travel assistance (LTA) is generally paid as a part of the remuneration of employees. With some proper planning, an employee can save some tax through this mode. The LTA amount is received from the employer towards a journey within India. LTA is eligible for deduction under the Income Tax Act

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Published by

CA. Amit Daga
(Finance Controller, CA. CS. CFA. CIFRS. M.COM. )
Category Income Tax   Report

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