https://www.taxtmi.com/manuals?id=871 Leave Travel Allowance and travel concession or assistance received by an individual are exempt from inclusion in total income only if prescribed conditions are satisfied. The exemption applies to travel in India during employment or after retirement or termination, covers the employee's family, and is limited to actual travel expenditure. The rules also prescribe the admissible fare by mode of travel, allow two journeys in a block of four calendar years with carry-forward of one unutilised journey, and require Form No. 124 with supporting evidence for tax deduction purposes. en-us Fri, 07 Aug 2015 14:48:00 +0530 Wed, 25 Mar 2026 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=871 Leave Travel Allowance and travel concession or assistance received by an individual are exempt from inclusion in total income only if prescribed conditions are satisfied. The exemption applies to travel in India during employment or after retirement or termination, covers the employee's family, and is limited to actual travel expenditure. The rules also prescribe the admissible fare by mode of travel, allow two journeys in a block of four calendar years with carry-forward of one unutilised journey, and require Form No. 124 with supporting evidence for tax deduction purposes. Manuals Income Tax Fri, 07 Aug 2015 14:48:00 +0530 https://www.taxtmi.com/manuals?id=871