Decoding of Leave Travel Allowance (LTA)
Decoding of Leave Travel Allowance (LTA) Key takeaways of Rules, Exception with Calculation of Leave Travel Allowance (LTA) Leave travel Concession Leave Travel Concession is the part of the overall CostĀ of Company (CTC) of an employee. An employee may claim exemption U/S 10(5) of the Income Tax Act, 1961, also known as the Leave …