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LEAVE TRAVEL CONCESSION
Leave Travel Concession
(1)OSR Provision:
Regulation 44
a) During each block of 4 years, an office shall be eligible for Leave Travel Concession
for travel to his place of
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How to fill out leave travel concession
How to fill out leave travel concession:
01
The first step is to obtain the leave travel concession (LTC) form from your employer. This form is usually provided by the Human Resources department.
02
Fill in your personal details such as your name, employee ID, designation, and department in the designated fields on the form.
03
Provide the details of your journey, including the destination and the purpose of travel. Make sure to include the dates of departure and return accurately.
04
If you are traveling with family members, provide their names, relationship to you, and their age details in the relevant sections.
05
Calculate the total fare for your travel and enter it in the appropriate box. This includes the cost of transportation and any other eligible expenses like accommodation, sightseeing, etc.
06
Attach the necessary supporting documents such as flight tickets, hotel bills, and other relevant receipts to validate the expenses mentioned in the form.
07
Sign and date the form, certifying that the information provided is true and accurate to the best of your knowledge.
08
Submit the filled-out form along with the supporting documents to your HR department within the specified timeframe.
Who needs leave travel concession:
01
Leave travel concession is typically available to employees of both government and private sector organizations.
02
Employees who have completed a certain period of service as per the rules of their organization are eligible for LTC.
03
LTC is usually provided to enable employees to travel with their families and spend quality time together.
04
It is applicable for both domestic and international travel, depending on the policies and regulations of the organization.
05
Leave travel concession is a benefit provided by the employer to promote employee well-being and work-life balance.
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What is leave travel concession?
Leave travel concession is a benefit provided by employers to employees which allows them to claim reimbursement for their travel expenses when they take leave to travel.
Who is required to file leave travel concession?
Employees who have availed of leave travel concession benefits from their employer are required to file for it in their income tax return.
How to fill out leave travel concession?
Fill out the necessary details in the prescribed format provided by your employer and submit the relevant documents along with your income tax return.
What is the purpose of leave travel concession?
The purpose of leave travel concession is to provide employees with a tax benefit on their travel expenses when they take leave for leisure purposes.
What information must be reported on leave travel concession?
Employees must report details of their travel expenses, leave taken, mode of transport, and any other relevant information as per the guidelines provided by their employer.
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