Leave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends ...

LTA 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 ...

Before availing of the tax benefit on LTA, there are, however, certain other important conditions attached to it. Read on to know them. Do ...

Here is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued ...

Here is a look at how much you stand to gain by opting for the LTC cash voucher. This story will tell you about the rules of availing the L...

As per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic...

This is a one-time scheme and payment will be only in lieu of one LTC during the block of four years 2018-21. This should help people to so...

Central government employees that have not been able to avail leave travel concession (LTC) – air or rail fare as per scale and tax exempt ...

Under LTA coverage one is allowed to claim exemption for self, spouse, two children, dependent parents and dependent siblings.

Holidays 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...

The Budget for 2015-16 is likely to expand the scope of LTA and LTC by including hotel and other expenses besides travel for the purpose of...

There is a pressing need to review taxes applicable to air travel where the tax component in an air fare often exceeds the underlying price...

There is a pressing need to review taxes applicable to air travel - probably the most-heavily taxed product / service in the country, where...

This was clarified in a recent ruling by the Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) while hearing an appeal of a PSU ...

If 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...

There are a few tax concessions which have a strong case to be continued and even be enhanced in scope and quantum.

The LTA is exempt from tax twice in a block of four calendar years (January-December , currently the block is 2006-2009 ) based on the actu...