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...
Deadline to issue Form 16 extended to July 31, more time to save capital gains tax on propertyForm 16 contains important information required by a salaried employee for filing ITR. The TDS certificate contains all the information rel...
Has working from home increased your tax liability? This is what you should do to save on taxAs work-from-home becomes the new normal across the country, salaried taxpayers are seeing their tax shoot up. Many of the allowances in th...
New form to claim tax rebate on LTA, HRAFor claiming deduction of interest on home loan, the name, address and PAN of the lender will have to be furnished.
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 ...
NMDC suffers Rs 746-cr revenue loss during 2007-10: CAGThe government auditor also said by extending unwarranted reduction in price, NMDC had passed Rs 600.83 crore benefit to customers during 2...
- Q&A: Taxation
Section 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 benefits
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...
- LTA to enjoy tax exemption in new regime
The government may allow the Leave Travel Allowance (LTA) to be exempted from taxation once the Direct Tax Code (DTC) comes into effect.
- Query corner: Tax
Our expert helps you Understand the Complexities of Tax In This Weekly Column.