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LTA

Leave Travel Allowance: A tax-free travel benefit for salaried professional

Salaried employees can seek a tax exemption through LTA for expenses accrued from two journeys within a block of four calendar years

Leave Travel Allowance: A tax-free travel benefit for salaried professional
Updated On : 18 Apr 2024 | 9:43 AM IST

LTA fined $1 million by ATP over ban of Russian players from summer events

The Lawn Tennis Association was fined $1 million by the ATP men's professional tour on Wednesday for banning players from Russia and Belarus from its grass-court events this summer. The governing body of British tennis banned the players from five Wimbledon warm-up tournaments following Russia's invasion of Ukraine. The ATP, which oversees men's tennis outside of the Grand Slams, also warned the LTA it could lose its membership in the organization if it repeats the ban. We stand by our original position on this matter, that unilateral decision-making by members of the ATP Tour threatens our ability to operate as a global sport," the ATP said in a statement. "We believe that the measures taken protect the long-term future of our game and its commitment to merit-based participation, without discrimination, for individual athletes. We have no further comment. The LTA said it deeply disappointed with the tour's action. The ATP, in its finding, has shown no recognition of the exceptio

LTA fined $1 million by ATP over ban of Russian players from summer events
Updated On : 08 Dec 2022 | 10:05 AM IST

Use allowance like LTA, HRA, car maintenance to reduce your tax liability

There are many of them, but only a few can be used to offset the tax burden

Use allowance like LTA, HRA, car maintenance to reduce your tax liability
Updated On : 16 Dec 2019 | 10:45 PM IST

Rules get tighter for claiming HRA, LTA

I-T department has introduced a new format to claim tax rebate

Rules get tighter for claiming HRA, LTA
Updated On : 05 May 2016 | 2:24 AM IST