Lta taken in advance

As per my knowledge., 1)Advance is not an income to the employee. It has to repay by the employee or it can be setoff by producing receipts and to pay balance if any to the employer... So,Advance is not an income to be taxable... 2) Aftr settingoff by submiting actual bils it wil be treated as income. LTA is exempt U/S 10(5).

Advance given to employees wil not be longterm.. Usualy they r shortterm.. That is to be paid with in a year... Take others opinion also..