LEAVE TRAVEL CONCESSIONS( LTC) IN NEW TAX REGIME
This query is : Resolved
09 January 2024
IS LTC TAXABLE IN NEW TAX REGIME?
14 January 2024
Under the new tax regime, LTC/LTA is taxable for employees even if you produce journey tickets. So, if you want to claim LTC/LTA exemption, you will need to choose the old tax regime. If you choose the new tax regime, you will not be able to claim LTC exemption, even if you produce journey tickets.
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