LTA
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2010
CAN I BIFERCATE LTA IN MONTHLY.
ALSO EMPLOYEE PROVIDE US LTA BILL YEARLY
CAN EMPLYEE GET EXEPTION UNDER LTA
ALSO EMPLOYEE PROVIDE US LTA BILL YEARLY
CAN EMPLYEE GET EXEPTION UNDER LTA
CMA Ramesh Krishnan
(Expert)
07 August 2010
You can provide monthly, but as per the act, the LTA can be claimed 2 trips in a single block, so if the employee not provide the bills in the year end the same financial year need to be taxed since the salary income need to taxed receipt or accrual which ever is earlier
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