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Leave Travel Allowance (LTA) - [ Section 10(5) read with Rule 2B ]

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..... oyee for leave to any place in India taken by the employee and their family. Such exemption is limited to the extent of actual travel costs incurred by the employee. The total cost of the holidays is not covered, only the travelling cost is covered. Travel has to be undertaken within India and overseas destinations are not covered for exemption. For example , where an employer provides LTA of 25,0 .....

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..... then deduction is not allowed. Carry forward of unclaimed LTA : If the employee has not claimed LTA in the last running block or just claimed it for once, he can still claim one additional LTA in the next block of calendar years under the carry over concession rules under which the employee can claim LTA tax-breaks on 3 journeys made in the current block of years. However, in order to utilize the .....

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..... .C. first class rail fare by shortest route or amount spent whichever is less. Place of origin destination not connected by rail (partly/fully) but connected by other recognised Public transport system - First class or deluxe class fare by shortest route or amount spent whichever is less. Place of origin destination not connected by rail (partly/fully) and not connected by other recognised Public .....

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