Test

Test

Assessment

Flashcard

English

KG

Hard

Created by

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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