LTA Calcuation

This query is : Resolved 

29 December 2010 What is the amount to be calculated for LTA exemtion as per IT Act?

29 December 2010 It is Actual ticket cost for shortest route

30 December 2010 If a company gives LTA on a fixed basis then what is the provisions under Income Tax Act

30 December 2010 LTA need to be paid as actual expenses basis, if they paid Fixed Basis, it will be taxable to the extent of actual expenses in the hands of employee


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