HELP
This query is : Resolved
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...........
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
