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LTA FOR PRIVATE EMPLOYEES
LTA exemption in new tax regime: Can you claim leave travel allowance exemption in new tax regime or is it taxable?LTA exemption in new tax regime: Many salaried employees have a leave travel allowance as part of their CTC. However, due to tax regimes (o...
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...
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...
11 ways of tax savings for salaried individuals for FY 2023-2411 tax deductions for salaried individuals: If you want to save tax for FY 2023-24 then there is still time. Given below is a list of 11 ta...
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...
Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extendedThe LTC Cash Voucher scheme was announced by the Finance Minister Nirmala Sitharaman in October 2020 to boost consumer demand and to provid...
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...
How central government employees can avail benefit under LTC cash voucher schemeHere is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued ...
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...
No LTC cash scheme under new income tax regimeThe guidelines allow extension of the facility to public sector, private sector and state government employees, provided they spend three t...
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...
Tax relief for private company staff too for LTA spends on consumer goodsThe government is keen to ensure that private-sector employees are also nudged to take advantage of the scheme that seeks to prop up consum...
Govt launches tax-exempt LTC cash voucher scheme to boost consumer spendingThis 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...
Should you spend Rs 3 lakh to get Rs 30,000 LTA income tax sop?Government is offering you a window where you can avoid paying Rs 30,000 without going on a , provided you spend Rs 3 lakh to purchase a ca...
IDFC Bank partners with Zeta for digital payments solutionEmployees can avail the benefits of the IDFC Benefits card also via the Zeta app on the mobile or on the web and Zeta Super Tag (Zeta’s NFC...
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...
- Companies not happy with diluted fringe benefit tax
Although FM Chidambaram on Monday some aspects of the Fringe Benefit Tax (FBT), the corporates are still critical about it.