LEAVE TRAVEL CONCESSION SEC 10(5)

 LEAVE TRAVEL CONCESSION SEC 10(5)

Meaning:

Leave Travel Allowance/Leave Travel Concession is a type of allowance given by an employer to their employee for travelling to any place in India.

It can be given either on leave, after retirement or after the termination of his service.

Diagram showing exemption

            SOURCE: https://cleartax.in/s/lta-leave-travel-allowance

LEAVE TRAVEL CONCESSION (SEC 10(5))

1.

Journey is performed by air

Least of the following is exempted

i)Economic class air fare by the shortest route

ii)Actual amount spent

 

2

Journey is performed by Rail

Least of the following is exempted

i) A/C first class rail fare by the shortest route

ii)Actual amount spent

3

If the orgin and destination is connected by by rail

Other mode of the transport is used

Least of the following is exempted

i) A/C first class rail fare by the shortest route

ii)Actual amount spent

4

 

 

If the origin and destination is not connected by rail

 

A)Recognized transport system is operating:

Least of the following is exempted

i) First class or deluxe class by the shortest route

ii)Actual amount spent

 

B) Recognized transport system is not  operating:

) A/C first class rail fare by the shortest route

ii)Actual amount spent

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