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Use your LTA to save tax
Not claiming your leave travel allowance (LTA) can add to higher tax outgo at this time of the year. LTA is simply an allowance granted to you, as an employee, for travelling anywhere within the country when on leave from work.
When you don't claim it, the unclaimed amount is taxed according to the slab. If you are entitled to Rs 22,000 as LTA in a year, but claim only Rs 9,000, the remaining Rs 13,000
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