TaxTMI 
TaxTMI 
As per CTC, company has to pay LTA. LTA is exempt twice in a block of four years. Employee submits the Invoices for his travel twice in a block of four years. The Invoices turns out to be fake. What is the liability on the Employer Company ???? Since, it is exempt twice in a block of four years, company has not deducted tds on it. Whether the LTA paid by the company will get disallowed ?????
LTA -Exempt
21 Jun 2012 
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Leave Travel Concession exemption: employer not required to verify employee travel vouchers before payroll withholding.
Leave travel concession exemption is a benefit of the individual employee and employers are not statutorily required to collect or examine supporting travel vouchers when applying payroll withholding; employer withholding duties do not impose an obligation to substantively validate employees' LTA claims, a position reflected in judicial precedent. (AI Summary)
Leave travel concession exemption is a benefit of the individual employee and employers are not statutorily required to collect or examine supporting travel vouchers when applying payroll withholding; employer withholding duties do not impose an obligation to substantively validate employees' LTA claims, a position reflected in judicial precedent. (AI Summary)