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Lta and ltc

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2013 dear all please clarify the following

what is the difference between LTA and LTC
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 January 2013 LTA= Leave Travel Assistance.
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LTC= Leave Travel Concession.
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Assistance means Help.
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Concession in Travelling Expenditure means the company bears the balance amount.
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As such LTC=LTA as Assistance and concession are equally enjoyable.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
18 January 2013 I agree with the expert but if LTA is leave travel Allowance than it is taxable
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