What is leave travel allowance? How do I use it?
Salaried employees who get leave travel allowance as a part of their CTC, can claim a tax deduction on the expenses incurred during the travel. The tax deduction can be claimed for travel for self and members of the family (includes spouse, children and parents, brother, sister, if wholly dependent on assessee ) for the journey undertaken within the country. The exemption is subject to certain terms and conditions as –