Come January, it is time to claim your annual reimbursements such as medical and leave travel allowance (LTA). These reimbursements are as good as tax savings. The difference being that you submit the required bills and treat them as tax-free income If LTA forms a part of your salary, the...
With such a steep increase in interest rates linked to already harsh economic conditions, the property market comes under increased pressure. The number of properties for sale will increase, but with higher interest rates, these will not fetch the same high market values seen a year ago. At th...
LTA stands for Leave Travel Allowance. It is an important component of employee’s wage structure. What does LTA mean at work? Can I claim LTA without travelling? People also look for: Allowances Non Taxable Allowances Dearness Allowance ...
Leave Travel Allowance (LTA): Find out the meaning, eligibility, claiming process, exemption limit, section, and stay updated with the latest developments.
To build for the future, LTA offers those under the age of 18 the opportunity to become junior members. These younger members are encouraged to function as Active Members by working on productions and learning the craft of theater. Junior members are not permitted to vote at the annual meeting...
Apart from LTA/LTC all other above mentioned tax exemptions can be claimed directly while filing income tax return.The form 12BB would not be required for the same. All you need is to enter the correct investment amount under different sections. ...
under the Central Government or a city divided into districts shall issue a disciplinary warning; where the case is serious, the said department shall impose a penalty of cessation of practice for no less than three months and no more than one year; and any illegal income shall be confiscated...
(iii)Third, the remaining amount to be paid or distributed 80% to such Limited Partner and 20% to the Carried Interest Partner. The amount distributed to the Carried Interest Partner under paragraph 9.3(a)(iii) being referred to as "Carried Interest". ...