18 May 2009
An employee receives Salary from his employer which does not include any component by name of Medical or LTA but can he still claim Medical benifits upto 15000 and LTA expenses as per IT rules while filing his ITR?
18 May 2009
Tax benefits are available under section 10 (5), under which if income is received by way Leave travel assistance and spent in accordance with prescribed conditions, income satisfying conditions will not be included in income.
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