Valuation of leave travel concession in India

| Last updated: 04 October 2012

Valuation of leave travel concession in India [Sec. 10 (50)]- Leave travel assistance provided by an employer to an employee for going anywhere in India along with his family is exempt on the basis of provisions given in the table below. Family for this purpose includes spouse and children of the
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Aashish Ramchand

About the Author

Co- founder of makemyreturns.com

I am a Chartered Accountant by qualification and the Co- founder of makemyreturns.com, an online tax advisory and filing site. Am very passionate about Indian taxes and love to write articles about the Indian tax system. I have worked with KPMG and JRC advisory both in international and domestic taxation respec ... Read more

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