Leave travel allowance_deduction

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ipcc student
149 Points Posted on 09 June 2022
Is LTA deducted from salary monthly and paid only at year end?
can any company follow the above method of lta deduction?
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On 09 June 2022 at 16:21 Report
Replies (32)
Quick Summary
This discussion clarifies that Leave Travel Allowance (LTA) is an allowance paid by a company for travel expenses and should not be deducted from an employee's salary monthly to be paid at year-end. While tax exemptions on LTA are available under specific conditions, the allowance itself cannot be withheld or deducted from salary. The conversation also touches upon the eligibility of LTA for both government and private employees.

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CFO- at NHTF
58280 Points Posted on 11 June 2022
Is LTA deducted or its allowance in salary?
2 Reply
On 11 June 2022 at 08:16
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ipcc student
149 Points Posted on 13 June 2022
It is deducted from salary
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On 13 June 2022 at 23:04
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CFO- at NHTF
58280 Points Posted on 13 June 2022
This is wrong procedure
2 Reply
On 13 June 2022 at 23:21
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Chartered Accountant
86505 Points Posted on 13 June 2022
Https://www.paisabazaar.com/tax/leave-travel-allowance/
1 Reply
On 13 June 2022 at 23:40
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CFO- at NHTF
58280 Points Posted on 14 June 2022
LTA should be paid as a part of salary. It can not be kept on hold .

IT deduction on LTA is in your hands
2 Reply
On 14 June 2022 at 07:51
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ipcc student
149 Points Posted on 14 June 2022
Okay thank you Rashmi and Eswar
1 Reply
On 14 June 2022 at 08:02
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CFO- at NHTF
58280 Points Posted on 14 June 2022
👍🏻👍🏻👍🏻👍🏻
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On 14 June 2022 at 08:03
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Chartered Accountant
86505 Points Posted on 14 June 2022
Welcome.......... My pleasure.......
1 Reply
On 14 June 2022 at 08:26
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CFO- at NHTF
58280 Points Posted on 14 June 2022
👍🏻👍🏻
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On 14 June 2022 at 11:10
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Profession
28271 Points Posted on 14 June 2022
The word goes like leave travel allowance. Leave travel assistance is available to central and state govt employees.
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On 14 June 2022 at 13:01
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CFO- at NHTF
58280 Points Posted on 14 June 2022
It's available to private employees also
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On 14 June 2022 at 19:56
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ipcc student
149 Points Posted on 14 June 2022
So they can't deduct lta from salary monthly and pay at year end after tax deduction?
1 Reply
On 14 June 2022 at 20:20
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CFO- at NHTF
58280 Points Posted on 14 June 2022
Tax can be deducted but LTA can't be deducted
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On 14 June 2022 at 20:31
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ipcc student
149 Points Posted on 14 June 2022
Okay thank you Eswar!
1 Reply
On 14 June 2022 at 22:14

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