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Term Of The Hour

2-year LTA claim: Original post by Marilyn Lindblad of Demand Media Indian employees may claim Leave Travel Allowance under Section 10(5) of the Indian tax code. Employers pay LTA funds to employees and their families who travel on vacation in India. The LTA income employees receive is exempt from income tax. The tax code measures an employee's entitlement to LTA based on "block years" -- a defined period…

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