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Guest

Guest (Querist)

09 April 2010 Please explain what is LTC(leave travel concession)? Why it is given by emploer to employee? Please dont explain the exemption limits regarding LTC. I just want to understand the meaning of LTC and purpose for giving by the employer to employee...........

Maninder Jain

Maninder Jain (Expert)
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09 April 2010 Dear Anuj

Basically LTC is given for the Ticket cost for the journey that an employee would incur on Tour for his dependent & himself.

LTC is also a good thing for tax planning as twice in a four year, this a exempt from income tax.