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Guest

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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...........
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
09 April 2010 Leave Travel Concession as the name suggests is a facility provided to an employee to visit any or a particular place of his choice during his period of leave granted in terms of the employee's appointment at certain periodic intervals as may be determined by the employer to part finance the cost of the journey for self/and family.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 April 2010 AGREE
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
09 April 2010 Agree
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
11 April 2010 Agree

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