Leave travel concession meaning
Nettetcentral civil services (leave travel concession) rules "Family" means:- (i) the Government servant’s wife or husband, as the case may be, and two surviving unmarried children or … Nettetconcession: [noun] the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat). the admitting of a point claimed in argument.
Leave travel concession meaning
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NettetCarry over of Leave Travel Concession. Place to be visited by Govt. servant and members of his family under Leave Travel Concession to any place in India. … Nettet1 [(1A) For the assessment year beginning on the 1st day of April, 2024, where the individual referred to in sub-rule (1) avails any cash allowance from his employer in lieu of any travel concession or assistance, the amount exempted under the second proviso to clause (5) of section 10 shall be the amount, not exceeding thirty-six thousand rupees …
NettetSuch allowance is to be spend on travelling from public means of transport i.e by air, rail or bus and not for other expenses such as hotel room charges, food expenses etc. The … Nettet30. aug. 2013 · Leave Travel Concession (LTC) is nothing but a type of salary component where your employer is providing some yearly benefit to travel with your family. Usually …
Nettet27. jan. 2024 · An LTA is the remuneration paid by an employer for Employee’s travel in the country, when he is on leave with the family or alone. LTA amount is tax free. Section 10 (5) of the Income-Tax Act, 1961, read with Rule 2B (Commonly known as LTA Rules), provides for the exemption and outlines the conditions subject to which LTA is exempt. Nettet12. apr. 2024 · LTA can be claimed for a maximum of two journeys in a block of four years. An employee can claim the leave travel allowance for two journeys between the current applicable block from the calendar year 2024 to 2024. With regard to the Leave Travel Allowance, an employee is eligible to claim exemption under Section 10 (5) of the …
NettetRelated to Concession leave day. Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;. Concession Area means …
Nettetconcession definition: 1. something that is allowed or given up, often in order to end a disagreement, or the act of…. Learn more. pubs in newbury berkshireNettetA, who is entitled to take the LTA of Rs.25, 000 by the employer. However, if Mr. A spends only Rs.20, 000 in his travel, then the exemption will be limited to Rs.20, 000 only as it … pubs in newby bridgeNettet5. apr. 2024 · LEAVE TRAVEL CONCESSION. Any employee with one year of continuous service on the date of journey performed by him/his family is eligible. Government servants whose spouses are working in Indian Railways/National Airlines are not eligible for LTC. – Rule 1, GID. Slideshow 1144815 by shilah seat configuration on airbus 321http://iiitdm.ac.in/img/intranet_forms/circular/LTC-AT%20A%20GLANCE.pdf seat confirmation in trainNettetService” means a member of an All India Service, as defined in section 2 of the All India Services Act, 1951 (61 of 1951). 1 3. Regulation of Leave Travel Concession— (1) The Leave Travel Concession of a member of the Service, serving in connection with the affairs of the Union, shall be regulated in the same manner and subject seat configuration boeing 777Nettet1 [(1A) For the assessment year beginning on the 1st day of April, 2024, where the individual referred to in sub-rule (1) avails any cash allowance from his employer in lieu … seat configuration boeing 777 300NettetService” means a member of an All India Service, as defined in section 2 of the All India Services Act, 1951 (61 of 1951). 1 3. Regulation of Leave Travel Concession— (1) … seatconcepts seat for tenere 700