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Leave travel allowance

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11 December 2007 Is LTA is a perquisit or allowance for an employee ?

11 December 2007
LTA is classified under "Perquisites" in Page A-9 of 30th edition of the Singhania's Direct Taxes Ready Reckoner

Anyway, without bothering much about classifiction aspect, tell us if you have any new tax planning tips for the LTA



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