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LTA ELIGIBILITY
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...- Tata Motors rolls out VRS after union push; around 300 employees opt inTata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. ...
- Unused LTA utilisation: Take a holiday and travel in India before March 31, 2025, to save income tax; know how to make this plan workLeave Travel Allowance (LTA): Eligible employees who have an holiday on March 31, 2025 on account of Eid al-Fitr can make use of their unus...
- Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax returnLTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of t...
- Leave Travel Allowance: This is the last date for current LTA blockSalaried employees can claim Leave Travel Allowance (LTA) for travel expenses incurred during leave, covering up to two journeys within a b...
- LTA or Leave Travel Allowance exemption limit, eligibility, restrictions, documents you need to submit: LTA latest rules hereLeave Travel Allowance (LTA), which is component of your salary, helps cover travel expenses incurred during your vacation. While it covers...
- Central govt employees, private employees can't claim LTA if they don't follow these rules; LTA eligibility, other latest updatesLTA for central govt employees: Employers offer Leave Travel Allowance (LTA) to offset travel expenses during leave. It covers airfare, tra...
- How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and moreLeave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends ...
- LTA exemption: Submit tax-saving proofs to employer by March 31 deadline as claiming LTA in ITR is a hassleLTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who trave...
- Don't forget to claim your LTA tax exemption this year: Here is howLTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2022-25, one can undertake three journeys in the ...
- How to claim LTA from your employerBefore availing of the tax benefit on LTA, there are, however, certain other important conditions attached to it. Read on to know them. Do ...
- Forgot to submit LTC cash scheme bills to employer? You may be able to claim tax break in ITRWhat happens if the bills were not submitted to the employer before the March 31 deadline under the LTC Cash Voucher Scheme? As per charter...
- How to claim LTC Cash Voucher exemption in your income tax returnAs per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption o...
- How private sector employees can avail tax benefit in LTC Cash Voucher SchemeGovernment has announced the LTC Cash Voucher Scheme for the central government employees which was later extended to the private sector em...
- Tax optimiser: Why IT professional Chaturvedi should replace LTC with NPS in salary packagePune-based IT professional Animesh Chaturvedi pays a high tax because his pay is not tax-friendly. ET Wealth tells him how he can optimise ...
- How you can use LTA to go on a tax-free vacationUnder LTA coverage one is allowed to claim exemption for self, spouse, two children, dependent parents and dependent siblings.
- How to make the most of your Leave Travel AllowanceHolidays can mean heavy expenses. However, if you are a salaried individual, you can use the same vacation to save a decent amount on tax o...
- Leave travel allowance (LTA) to be tax exempt only for domestic travelThis was clarified in a recent ruling by the Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) while hearing an appeal of a PSU ...
- Q&A: TaxationSection 54 provides for exemption on longterm capital gains arising on sale of a house on reinvestment in another house within a stipulated...
- When and how to claim LTA to maximise tax benefitsIf you are entitled to leave travel allowance, you can claim it to reduce your tax. Find out when and how to claim it before you catch your...
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