You can get LTA exemption twice in a block of four years. It should be a part of your CTC and you need to take leave for minimum 5 working days and Exemption is allowed for only two travels within a block of four years.
You need to submit Boarding pass, air tickets, taxi vouchers, train tickets for LTA exemption.
You can get the exemption for self, spouse, and children. Only travel expenses will be considered for claiming exemption.
In case of a road trip, The AC first class rail fare by shortest route or the amount actually spent on travel, whichever is less is exempt from tax.
The current 9th block is from 01.01.2018 to 31.03.2021.
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Remunance is a leading payroll outsourcing services, leave & attendance management system software provider in pune & we have our base in Pune, Mumbai, Hyderabad, Ahmedabad, Chennai, Bangalore, Noida, More
Need for a Payroll Management & Statutory Compliance Services
Payroll Processing, Leave & Attendance internally requires extensive training updating all information on the ongoing base which turns out to be a time-consuming tedious process to perform every month internally.
Payroll : Technology Trends | Remunance Systems Pvt. Ltd.
Payroll is no different. The process of payroll includes Data collection and processing, maintaining confidentiality and security of the data, adhere to rules and regulations.
Do You Know Why This is The Perfect Time to Outsource Your Payroll.
Payroll Processing, Leave & Attendance internally requires extensive training updating all information on the ongoing base which turns out to be a time-consuming tedious process to perform every month internally.
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