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LTA Calculator: What Are The Leave Travel Allowance Rules? Check LTA Calculation Example, Eligibility, Expenses Covered, Tax Exemption

LTA Calculator: What Are The Leave Travel Allowance Rules? Check LTA Calculation Example, Eligibility, Expenses Covered, Tax Exemption
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How to claim Leave Travel Allowance: Know eligibility, LTA rules, documents required and other key details | Business

Financial Literacy News: Employees opting for the old tax regime should be aware of the various exemptions and deductions that they can claim to reduce their tax. Leave Travel Allowance (LTA) is one such benefit. If it's included in their salary or cost-to-company (CTC), employees can claim it.

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LTA exemption: What is Leave Travel Allowance and can you claim it at the time of filing your income tax return? | Business

Financial Literacy News: Salaried individuals typically need to give proof of their expenses and investments to get tax deductions under the Income-tax Act. One common tax exemption available to salaried individuals is the Leave Travel Allowance or LTA. Leave Travel Allowance (LTA), often included in your salary, pays for your vacation travel expenses. It also covers travel costs for family members such as spouses, children (up to two if born on or after October 1, 1998), dependent parents, and dependent siblings.

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