Unused LTA utilisation: Take a holiday and travel in India before March 31, 2025, to save income tax; know how to make this plan workLeave 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...
28 Mar, 2025, 04.03 PM IST
Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax returnLTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of t...
20 Mar, 2025, 12.58 PM IST
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...
20 Aug, 2024, 12.44 PM IST
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...
16 Aug, 2024, 02.24 PM IST
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 ...
17 Apr, 2024, 10.36 AM IST
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...
31 Mar, 2024, 09.45 AM IST
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 ...
10 Mar, 2023, 11.16 AM IST
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 ...
28 Feb, 2022, 01.09 PM IST
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...
29 Sep, 2021, 09.31 AM IST
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...
13 Oct, 2020, 11.40 AM IST
How you can use LTA to go on a tax-free vacationUnder LTA coverage one is allowed to claim exemption for self, spouse, two children, dependent parents and dependent siblings.
06 Nov, 2017, 02.34 PM IST
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...
04 May, 2015, 11.13 AM IST
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...
20 Dec, 2012, 01.45 PM IST
- Revisit standard deduction
Back in 2009, the Supreme Court had to determine whether a company needs to collect evidence that its employees have utilised their LTA cla...
30 Nov, 2012, 05.00 AM IST
- 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...
14 Mar, 2011, 03.36 AM IST
- DTC may end up as a zero-sum game
While you may lose out on LTA exemptions & HRA computations remain hazy, the salaried can draw solace from higher medical & retirement bene...
07 Sep, 2010, 01.58 PM IST
- ET in the Classroom: Leave Travel Allowance
ET brings out a prime on Leave Travel Allowance, which is offered to employees by companies to offset the tax liability.
03 Feb, 2010, 03.08 AM IST