Leave Travel Allowance Rules Inquiry

Please advise me on the exact rules regarding the Leave Travel Allowance facility provided to employees. What is the quantum that can be offered every year? Also, I would like to know about the Income Tax exemption available to the employees.

I require this information urgently to formulate employee salaries for the year 2011-12.

Regards,
Ms. Tanya

From India, Pune
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For taxability of Leave Travel Allowance you can refer to Sec. 10(5) of The Income Act, 1961 and its relevant Rule 2B of the Income Tax Rules. Let me know if I can help you any further.
From India, Pune
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