Menu
Leave travel allowances
Please explain
Replies (1)
Exemption Allowed Only for 2 Trip in Block Of 4 Years.
1) Journey By Air
Exemption Amt - Economy Class Ticket.
2) Any Other Mode -
i) If Rail Service Available.
Max Exemption Amt - A.C 1st Class Ticket.
ii) If Rail Service Not Available...
a) BUT Public Transport Service Exist..
Max Exemption Amt - 1st Class or Deluxe Class Ticket
b) AND Public Transport Service Doesn't Exist..
Max Exemption Amt - Equivalent To A.C 1st Class Rail Ticket
*Exemption Amt is Lower Of..
1) Above Given
Or
2) Actual Exp Incurred.
1) Journey By Air
Exemption Amt - Economy Class Ticket.
2) Any Other Mode -
i) If Rail Service Available.
Max Exemption Amt - A.C 1st Class Ticket.
ii) If Rail Service Not Available...
a) BUT Public Transport Service Exist..
Max Exemption Amt - 1st Class or Deluxe Class Ticket
b) AND Public Transport Service Doesn't Exist..
Max Exemption Amt - Equivalent To A.C 1st Class Rail Ticket
*Exemption Amt is Lower Of..
1) Above Given
Or
2) Actual Exp Incurred.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
