ilmscore | Leave Travel Allowance (LTA) Tax Exemption Predictions

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Accuracy

Recent Predictions

Total: 4

Correct: 0

Incorrect: 0

Pending: 4

Unrated: 0

Prediction

Author

Predicted at

Status

Video

Unutilized LTA amount will be added to taxable salary if not fully claimed.

"for example let's say your LTA is 40,000 rupees and the actual eligible leave travel is only 27,000 ..."

Apr 23, 2023

Pending

LTA can be used to claim tax exemption on domestic travel expenses like air, rail, or bus fares for employees and their family members.

"Here's how you can maximize your LTA to save yourself some taxes while you are partying it up This a..."

Apr 23, 2023

Pending

In the 30% income bracket, using LTA for travel expenses can result in tax savings of up to 9,000 rupees.

"so if you're in the 30% income bracket you can save up to 9,000 rupees in taxes and the remaining LT..."

Apr 23, 2023

Pending

LTA tax benefits can be claimed twice in a four-year block. If both spouses are eligible, they can coordinate to save taxes annually.

"you can only do this twice in a block of four years so if you have a spouse and if he or she is also..."

Apr 23, 2023

Pending