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Income from salary

Direct Taxation

Please do explain first point of this solution

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Sanjay Nandha

Sanjay Nandha

CA Inter

11K+

27-Mar-23 17:15

167

Answers (1)

Leave travel concession perquisite means employer sending employee and his family to holiday is exempt Provided if they are traveling by flight then upto economy class ticket fare is only exempt And it only available to the employee his spouse and two children Now there has been a clarification regarding two children.. Of in first birth u have one child and in second birth twins or triplets then ask of them will get exempt


Harshitha Kalidindi

Harshitha Kalidindi

CA Inter

45K+

27-Mar-23 18:34

Offer