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Lta exemption queries

sudheer (sr.officer) (47 Points)

23 January 2017

HELLO EVERYONE,

I WANT TO KNOW ABOUT LTA CLAIM.

I WANT TO CLAIM LTA IN 2017 WHICH IS LAST YEAR OF BLOCK YEAR 2014-2017. I HAVE NOT CLAIMED ANY YET. 2 CLAIM ARE INTACT.

I HAVE EXPENSES OF TRAVEL IN 2015 RS.20000/- , & IN 2016 RS. 20000/- ,MY EMPLOYER GIVES ME LTA OF RS. 15000/- IN 2015 AND RS.19000/- IN 2016. SO TOTAL IS RS.34000/- GIVEN BY EMPLOYER AND MY EXPENSES WERE RS. 40000/-

SO CAN I CLAIM BOTH YEAR OF LTA ENTIRE AMOUT OF 34000/- OR I CAN JUST CLAIM FOR CURRENT YEAR ONLY.

PLEASE GUIDE

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10 Replies

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 23 January 2017

since you have not claimed for the year 2015 you can claim the entire Rs34000/=

1 Like

sudheer (sr.officer) (47 Points)
Replied 23 January 2017

Thanks for the reply, can i claim travel expenses paid by me for travelling with my father (is a govt. employee), and my mother ang my sister (she is married).

sudheer (sr.officer) (47 Points)
Replied 23 January 2017

AS MR. SIVARAM SAID I CAN CLAIM ENTIRE RS.34000 BUT I WANT TO CONFIRM THAT THE AMOUNT OF MY EXPENSES RS.40000/- IS OF TWO JOURNEY OF DIFFERENT YEARS , IF I CAN DO THAT THAN I CAN ADD THE LTA GIVEN BY EMPLOYER IN 2014 ALSO AND TAKE EXEMPTION FROM THE JOURNEY HELD IN 2014 ALSO ????? PLS EXPLAIN

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 23 January 2017

if you have not claimed in a block 2014-2017 twice a trip of 4 years you can claim but restricted to only the Travel fare and your actuals cannot exceed the amount given by your employer and travel is restricted for self spouse and children only

sudheer (sr.officer) (47 Points)
Replied 23 January 2017

Thanks for the reply, can i claim travel expenses paid by me for travelling along with my father (is a govt. employee), and my mother and my sister (she is married).

and 2014-2016 i had 3 journeys so can i add the expenses of all these 3 journeys and claim it by one lta claim (out of 2) or should i use 2 lta claim in same year.

sudheer (sr.officer) (47 Points)
Replied 24 January 2017

CAN I CLAIM LTA OF 3 JOURNEYS HELD IN 2014-2015-2016 EACH IN 2017 AS I HAVE NOT CLAIMED ANY YET IN THIS BLOCK...........................................THE EXPENSES OF JOURNEY OF ALL 3 ARE 45000/- (10000+15000+20000) IN 2014-2015-2016 AND THE EMPLOYER HAD GIVEN 60000/- (15000+20000+25000) IN 2014-2015-2016 . SO CAN I CLAIM ENTIRE 45000/- .................................

sudheer (sr.officer) (47 Points)
Replied 24 January 2017

IN LTA THE EXPENSES OF AIR TRAVEL INCLUDES THE TAX, SURCHARGE, FEES SO I CAN CLAIM THE ENTIRE TICKET CHARGE OR JUST THE FLIGHT AMOUNT MENTIONED ON THE TICKET AS THE BREAKUP OF TICKET AS FOLLOWS

TOTAL CHARGES= 4500/-

TAXES, FEES & SURCHARGES= 733/-

TOTAL INVOICE AMOUNT= 5233/-

WHICH AMOUNT COMES UNDER CLAIM?

AND THE TICKET BOOKED IN DECEMBER 2014 AND TRAVELLING DONE IN 2015 SO WHICH YEAR THIS CLAIM RELATES TO 2014 OR 2015 YEAR OF JOURNEY OR YEAR OF TICKET BOOKED & AMOUNT PAID.

sudheer (sr.officer) (47 Points)
Replied 05 February 2017

expert answer required

sudheer (sr.officer) (47 Points)
Replied 27 February 2017

Originally posted by : sudheer
	IN LTA THE EXPENSES OF AIR TRAVEL INCLUDES THE TAX, SURCHARGE, FEES SO I CAN CLAIM THE ENTIRE TICKET CHARGE OR JUST THE FLIGHT AMOUNT MENTIONED ON THE TICKET AS THE BREAKUP OF TICKET AS FOLLOWS TOTAL CHARGES= 4500/- TAXES, FEES & SURCHARGES= 733/- TOTAL INVOICE AMOUNT= 5233/- WHICH AMOUNT COMES UNDER CLAIM? AND THE TICKET BOOKED IN DECEMBER 2014 AND TRAVELLING DONE IN 2015 SO WHICH YEAR THIS CLAIM RELATES TO 2014 OR 2015 YEAR OF JOURNEY OR YEAR OF TICKET BOOKED & AMOUNT PAID.