Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax return
A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of ...
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ITR filing: How to claim leave travel allowance without Form 16
Keep proper documentation such as travel tickets, boarding passes, and payment receipts, as LTA claims are subject to ...
Leave Travel Allowance: This is the last date for current LTA block
Salaried employees can claim Leave Travel Allowance (LTA) for travel expenses incurred during leave, covering up to two ...
Submit your Leave Travel Allowance claim before this date to save tax, check the deadline
Leave Travel Allowance (LTA) allows salaried employees to claim tax exemptions on travel expenses within India. LTA can be ...
How To Claim LTA Without Form 16 In ITR & Avoid HRA Headaches In Belated Returns?
To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...
Income tax disclosures in new fiscal year
Come April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to ...
Old tax regime vs new tax regime with revised slabs: What to choose in 2025-26?
Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of ...