Tag Archives: Leave Travel Allowance

Leave Encashment – Exemption and Tax liability

Leave Encashment – Exemption and Tax liability Some time the employees can not avail all these earned leaves which were allowed to him. He may encash these leaves and earn salary for the number of days which were allowed to be taken as leaves. The number of leaves allowed to be taken and the leave […]

Tax Exemption on Leave Travel Allowance

Tax Exemption on Leave Travel Allowance We looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. The exemption is available only on travel expenses (ticket fare etc.) incurred by the employee on leave travel. Expenses on local conveyance, […]