LTC/LTA: Treatment of Leave Travel Concession or Assistance

Among the types of perquisites you have learned, Leave Travel Concession or Assistance(LTC/LTA) carries great importance. It is the perquisite given to employee on his leave travels. It also includes employee’s family members. What is the tax provision of LTC/LTA … Continue reading LTC/LTA: Treatment of Leave Travel Concession or Assistance