Fixed travelling allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2013
In Primary Health Center (State Govt.)Dr. and A.N.M. give salary (Pay+D.A.+D.F.+T.A.) and Fixed Travelling Allowance Rs. 1500 P.M. for visit to villages. (F.T.A. or P.T.A.) The amount of Rs. 1500/-P.M. exempt from Income Tax or not?
and exempt limit for L.T.C.
and exempt limit for L.T.C.
CA PARAS BAFNA
(Expert)
03 March 2013
This allowance can be claimed as exempt to the extent of amount spent ; U/s 10(14).
.
L.T.C. -Allowable to the extent of prescribed rules-ticket fare for 2 journeys in the block of 4 years can be claimed as deduction.
.
.
L.T.C. -Allowable to the extent of prescribed rules-ticket fare for 2 journeys in the block of 4 years can be claimed as deduction.
.
03 March 2013
Hi
Refer for LTA exemption: https://www.caclubindia.com/forum/lta-ltc-leave-travel-allowance-concession-in-brief-233079.asp
Thanks!!
Refer for LTA exemption: https://www.caclubindia.com/forum/lta-ltc-leave-travel-allowance-concession-in-brief-233079.asp
Thanks!!
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