Tag: LTA

Leave Travel Allowance : Know Rules,Tax exemption of LTA !

If you are a salaried individual you might have heard of Leave Travel Allowance or LTA. This is sometimes also referred as Leave Travel Concession or LTC. LTA or LTC is a very important component of your salary and you can save...

Claiming LTA,HRA,Home Loans Exemption-New Declaration Form 12BB released

by admin | Taxation | 0 |

In a recent amendment,the Income tax department has tightened the procedure for claiming tax exemptions and deductions by the salaried class. It was a common practice of employees to provide fake receipts to the employers for...