LTA exemption comes under Section 10(5) of the Income Tax Act. Leave Travel Allowance or LTA can be claimed as a deduction from taxable income where the employer provides LTA to the employee. So the employee’s salary should have the LTA component as a part of his salary package. Our ar...
For HRA Exemption: House Rent Allowance is exempt under section 10(13A) of income tax Act subject to certain conditions. The form asks for amount of Rent paid, name and address of the landlord and PAN number of landlord in case the annual rent paid is more than Rs one lakh. You need ...
Leave Travel Allowance (LTA): Find out the meaning, eligibility, claiming process, exemption limit, section, and stay updated with the latest developments.