LTA-

This query is : Resolved 

20 March 2009 WHETHER LTA RECEIVED BY AN EMPLOYEE IS EXEMPTED FROM IT.IF HE SUBMIT BILLS WHETHER HE CAN CLAIM EXEMPTION

20 March 2009 https://www.caclubindia.com/experts/experts_message_display.asp?group_id=106701

21 March 2009 IF THE EMPLOYEE SUBMIT BILLS WHETHER HE CAN CLAIM IT EXEMPTION FOR LTA RECEIVED.

22 March 2009 LTA(leave travel allowance) is always fully taxable.
however LTC (leave travel concession)is exempted as per sec 10(5)
regards............!


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