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Lta examption

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2015 Dear Sir,

I am receiving Fixed LTA Allowance of Rs. 1500/- per month in my salary. Can I claim LTA Exemption while computing my tax liability.

Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 November 2015 You can't claim LTA exemption on monthly allowance.

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