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…
