what is LTA in Salary calculation
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 25 May 2009
Priyanka
LTA means Leave Travelling Allowance. As it is the part of CTC. As per income tax act any indl. can claim tax free LTA for 2 time in a block of 4 years by producing the bill.
Hope you will be clear ................
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