Allowance not given by employer

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This query is : Resolved

VANYA GARG (Querist)

28 May 2013 Please confirm me whether an employee can claim LTA in his personal return where he forgot to submit the claim for LTA to his employer and employer had not allowed it?

Please reply me

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

28 May 2013 No.

employee alone cannot claim the LTA in his income tax return, this perquisite valuation need to be calculate and allow exemption by employer after verification and satisfying the details

VANYA GARG

VANYA GARG (Querist)

29 May 2013 thanks for reply sir

But is there any method to claim this allowance now?

VANYA GARG

VANYA GARG (Querist)

29 May 2013 thanks for reply sir

But is there any method to claim this allowance now?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

29 May 2013 LTA can be claimed in 4 year block 2 times, it is not financial year based also. it is calender year based so you can ask your employer to consider now

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