The current limit of annual LTA at Rs.300,000/- is grossly inadequate. The limit and the methodology needs to be modified. How about this budget?
Leave travel allowance (LTA) is a popular perquisite for employees of public and private sector. However, the limits of Rs.300,000 were set in 1998. Over the last 17 years, the cost and nature of travel have changed drastically. The Union Budget needs to take a look at these new realities and modify accordingly. Let me explain… Continue reading