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...

Leave 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...

LTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of t...

Salaried employees can claim Leave Travel Allowance (LTA) for travel expenses incurred during leave, covering up to two journeys within a b...

Leave Travel Allowance (LTA), which is component of your salary, helps cover travel expenses incurred during your vacation. While it covers...

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

LTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who trave...

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 ...

Individuals should remember that TDS on salary is deducted as per the applicable income tax slab rates whereas TDS on say interest income f...

Centre is looking at a mega reform to ease salary structures and give a "generous" standard deduction in the form of tax-free expense.

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...

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 ...

Back in 2009, the Supreme Court had to determine whether a company needs to collect evidence that its employees have utilised their LTA cla...

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...

While you may lose out on LTA exemptions & HRA computations remain hazy, the salaried can draw solace from higher medical & retirement bene...

The government may allow the Leave Travel Allowance (LTA) to be exempted from taxation once the Direct Tax Code (DTC) comes into effect.