LTA
This query is : Open
24 May 2011
Hi,
Can anyone brief me abount the LTA exemption procedures. Is there any limits applicable for LTA ?
Thanks in advance
Can anyone brief me abount the LTA exemption procedures. Is there any limits applicable for LTA ?
Thanks in advance
24 May 2011
1. Leave Travel Concession (LTC)/Leave Travel assistance (LTA) received from employer to proceed on leave to any place on India for himself and his family is exempted.
2. LTC/LTA received from employer or former employer received in connection with proceeding to any place in India after retirement/termination for himself and his family is also exempted
3. The exemption is allowed only if actual expenses has been incurred.
2. LTC/LTA received from employer or former employer received in connection with proceeding to any place in India after retirement/termination for himself and his family is also exempted
3. The exemption is allowed only if actual expenses has been incurred.
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