Dear all, I am working as an HR in a logistics company. Kindly provide me the meaning of Leave Travel Allowance Or Leave Travel Concession & also its implications. Thanks & Regards, Shilpi
From India, Jaipur
LTA or LTC is normally max up to 2 months of basic salary, which is tax-free once in a block year subject to the production of proof and availing a minimum of 6 days of PL/EL. It is a tax-saving instrument.
Regards,
R. Ponraj
From India, Lucknow
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