
Test
Flashcard
•
English
•
KG
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
Full form of LTA
Back
Leave travel allowance
2.
FLASHCARD QUESTION
Front
What does LTA help with?
Back
It helps employees cover travel expenses when they go on leave.
3.
FLASHCARD QUESTION
Front
Is LTA a mandatory benefit?
Back
No, it is not mandatory but is often provided by employers.
4.
FLASHCARD QUESTION
Front
Can LTA be claimed for family travel?
Back
Yes, LTA can be claimed for travel expenses of family members.
5.
FLASHCARD QUESTION
Front
What is the tax implication of LTA?
Back
LTA is tax-exempt under certain conditions as per income tax laws.
6.
FLASHCARD QUESTION
Front
How often can LTA be claimed?
Back
Typically, LTA can be claimed once in a block of two years.
7.
FLASHCARD QUESTION
Front
What is the purpose of LTA?
Back
To encourage employees to take vacations and spend time with family.
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