Leave Travel Allowance
by sudeep das on Jun 30, 2007 12:13 PM
As Iam working as an accounts executive, i have a doubt regarding the LTA that my collegues are telling that there is a slab rates for LTA.
If the gross salary exceeds Rs. 1,00,000/- only we have to produce bill for the LTA. Otherwise if it is less than that there is no need to produce bill for the LTA.
If suppose a person is claiming a LTA amount of Rs. 5000/- in a year than there is no need to produce any bill for that amount.
I need clarification for the above. Kindly assist me
