Section 10(5): Leave Travel Concession/Assistance

Ritik Chopra , Last updated: 07 June 2021  
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Leave Travel Concession/Assistance [Section 10(5)] Various payments received whether from present or past employer is taxable as profit in lieu of salary. The receipts are exempted to the extent mentioned here. Generally, employees are encouraged to travel anywhere in India along with their famil

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Published by

Ritik Chopra
(student)
Category Income Tax   Report

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