13 February 2024
In a block of 4 years one home town reimbursement and one all India tour reimbursement is allowed.
Under the new tax regime, LTC/LTA is taxable for employees even if you produce journey tickets. So, if you want to claim LTC/LTA exemption, you will need to choose the old tax regime. If you choose the new tax regime, you will not be able to claim LTC exemption, even if you produce journey tickets.
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