Explained: All about how the LTA voucher scheme will be taxed
During the first wave of COVID-19 in 2020, the government had announced certain measures to help leading taxpayers. This includes tax exemptions from their Leave Travel Allowance (LTA) balance. Usually, taxpayers are able to claim tax benefits from the LTA on a holiday delivered anywhere within India. However, due to epidemics and occasional difficulties, taxpayers …
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