Leave Travel Allowance

Income tax can save from LTA too! The central government can give permission to claim without traveling

Leave Travel Allowance (LTA) is part of an employee’s cost-to-company (CTC). Under Section 10 (5) of the Income Tax Act (IT Act), salaried employees can claim tax exemption for expenses incurred on traveling anywhere in the country. At the same time, in view of the Corona crisis, the Center is preparing to give LTA exemption without going…

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life-insurance

Get 25 thousand rupees pension every month by giving an installment in this policy of LIC, life-long benefits

Life Insurance Corporation of India (LIC) is considered one of the most trusted insurance companies in the country. People from poor to rich have invested in different policies of this company. LIC’s policy is designed in such a way that the poor to the rich can invest. Often, the employed people are very tense about…

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standard deduction

What is the standard deduction? Know how much money you can get

New Delhi: The Finance Ministry once again gave the benefit of standard deduction i.e. standard deduction to the people after 13 years in the 2018 budget. The standard deduction is a deduction or exemption that occurs personally on your investment and expenses. Actually it is the amount which is deducted directly from your own income (deducted). The remaining income…

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