Nature of Income
Leave travel concession or assistance received from employer or former employer
Amount received or actually spent on travel to any place in India as specified in Rule 2B which-ever is lower
Conditions laid down for Tax Exemption
The concession is allowed for the travel of self, spouse and children including wholly or mainly dependent parent, brothers and sisters.
The amount received after the retirement or termination of employment is also allowed subject to other conditions
The limit of amount allowed as deduction (refer Rule 2B)
The exemption under this section is allowed for two journeys made in the block of four years (Block starts from 1986)