Lta

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Mona (Querist)
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18 May 2015 IF a employee is getting LTA of Rs.15000/- but spend Rs.20000/- for travel what is the deduction the employee can claim

ALOK GOEL

ALOK GOEL (Expert)
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19 May 2015 1) Not more than 15000 LTA will be allowed as per entitlement as mentioned above.

2) For 20000 spent in LTA , a travel ticket /Taxi/Rail ticket/Air tkt. proof is required for granting 15000 deductions against any spending more than 15000/- in LTA.

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