I have recieved one month salary as LTC payment in FY 2019-20. is ig taxable...and show in ITR when file next year...
Sandeep Gaba
Kurukshetra
Under section 10(5) and rules made thereunder :-
The LTC amount exempt under this clause shall in no case exceed the amount of expenses actually incurred for the purpose of such travel.
is it LTC payment or Leave salary payment ?
CAclubindia
