LTA - The Informal News

Govt. announces festival gift for Central govt. employees before the festival, LTA extended for two years

theinformalnews4 years ago4 years ago04 mins

According to the central govt., Central Government Employees can also book economy class tickets in private air lines under Leave Travel Allowance (LTA). The Ministry of Personnel (DoPT) said that non-eligible government employees can also travel by air. However, the central employees are getting dearness allowance (DA) at the old rate. Due to the Corona…

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

theinformalnews4 years ago4 years ago07 mins

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…