If "A" is employed in the company on 01.07.2008 & he is eligible for LTA after completion of one year of service. Now "A" is eligible for LTA on 30.06.2009. Now in the month of December 2009 (which is the last year of Block of 4 Years, "A" wants to claim LTA?
Now the question arises that upto which period he can claim the LTA? 1. Upto December 2009? or 2. Upto March 2010.
As per Sec 10(5) Block of 4 year is the Calender Year.
07 December 2009
The term 'calender year' is used for the claim purpose only, in other words we may interprate that the part of Financial Year for which LTA is claimed should fall in the LTA claiming calender year.
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