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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2012 Whether LTC u/s 10(5) is available to all ?

Also Specify the tax implications for employer and employee ?

Thanx in advance.
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S Sivasalapathy

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S Sivasalapathy (Expert)
25 August 2012 u/s 10(5) LTA is available for employee only after retirement from service or after the termination of his service.In the hands of emplyeer, deduction can be allowed.

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