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LTA FOR GOVT EMPLOYEES
From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...- Who should switch to new tax regime and who should stay with the old? Here's the maths after Budget 2025Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, for salary inc...
- 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...
- Budget 2022 disappoints, no income tax relief to the middle class: Here's what FM Sitharaman gave insteadMany people were disappointed by this budget since there was nothing in it that would aid the average person who is drowning in debt, payin...
- Should you opt for the LTC cash voucher scheme? Here's how much tax you will saveHere 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...
- New tax regime doesn't allow LTC cash voucher tax benefit: ExpertsAs 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...
- The Budget Wish List: What does the common man want from the Budget 2020?A series of prebudget polls by Local Circles show that respondents want the govt to raise the basic tax exemption limit and LTA benefits. S...
- Do you know how much of your money goes into indirect taxes?It is typical for each of us to wonder what the Union budget will bring. But have we paid a thought to the taxes, both direct and indirect,...
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