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