Leave Travel Allowance (LTA)- Exemption Limit, Rules, Eligibility
18 Apr 2024
The Income-tax Act, 1961 provides various tax exemptions for salaried individuals, in addition to deductions like LIC premiums and housing loan interest. These exemptions, distinct from deductions, exclude specific types of income from taxation, enabling employers to structure an employee's Cost to Company (CTC) package in a tax-efficient manner. One...
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