Income Tax | Investing | Stock Market
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Leave travel allowance or LTA is an allowance received by an employee from his employer to travel any likable place according to his choice. LTA can be obtained every year from the employer but the exemption can be claimed two times in a block of 4 years. The recent block of 2010-2013 for leave travel allowance will be over on 31st December 2013. If for any reason you are … [Read more...] about Leave Travel Allowance (LTA) Exemption under Income tax Act
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