CA Anamika Rana | Finance on Instagram: "LTA is an exemption for allowance/assistance received by the employee from his employer for travelling on leave. 👉Note: The tax exemption of leave travel allowance is not available in case you choose the new tax regime. 👉The exemption is available only on the actual travel costs i.e., the air, rail or bus fare incurred by the employee. No expenses such as local conveyance, sightseeing, hotel accommodation, food, etc., are eligible for this exemption. 👉

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