English, asked by wwwsamrtt, 6 months ago

leave travel concession is

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Answered by zoya9394
4

Answer:

Leave Travel Allowance (LTA) forms a part of an employee's total CTC (cost-to-company). Also known as Leave Travel Concession, an employee can claim exemption under section 10(5) of the Income Tax Act, 1961, for expenses incurred for travelling when on leave anywhere in the country

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