LEAVE TRAVEL CONCESSION & ITS INCOME TAX IMPLICATIONS

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February 2, 2019 | GENERAL REPORTS/TOPICS | Post by: rkmangal2802

What is Leave Travel Allowance / Leave Travel
Concession (LTA / LTC)?
This is a special allowance that most salaried people get. This allowance is meant for traveling
– you are expected to utilize it to spend it for tourism-related travel expenses.
It can be given out every year, or once every 2 or 4 years. Many organizations also allow you….

LEAVE TRAVEL CONCESSION & ITS INCOME TAX IMPLICATIONS

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