InvestorQ : Could salaried individuals get tax exemption on LTA/LTC?
Isha Tharwani made post

Could salaried individuals get tax exemption on LTA/LTC?

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ananya Sing answered.
1 month ago
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This could be possible. Reports suggest that Finance minister Nirmala Sitharaman announced measures to stimulate consumer spending and capital expenditure that would generate demand of Rs 1 lakh crore.

These measures include a scheme that offers tax-exempt payment of leave travel concession/allowance (LTC/LTA) to employees without the need for them to travel if the amount is spent as per specified conditions below. This benefit is available until March 31, 2021.

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