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LTA claim

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(Querist)
24 March 2010 If employee provides Bill of Car hired, can we give him exemption on the basis of railway fare rate of first class A.C.
e.g. he has travelled 2500 k.m. No. of persons 4 (self,spouse, and dependent parents) and bill is of Rs. 20000/-(Rs.8 per km). First class A.c. Rate per person is Rs. 3065/- which comes to Rs. 24520/-. since actual exp. is Rs. 20000/- it will be fully exempted.
Pl. advise
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 March 2010 20000 will be exempt
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
24 March 2010 Agree with expert Devanshi.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
24 March 2010 Agree
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
25 March 2010 agree with expert
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