LTA disbursement on monthly basis
This query is : Resolved
Maulik Thaker
(Querist)
20 May 2009
Can a company disburse LTA amount on monthly basis ( with salary - as a component of salary)?
SUBRAMANYA H
(Expert)
21 May 2009
Yes co can do so
But for claiming exemption under sec 10 employee has to go on live during the same financial year and has to produce the proof of inland travel supported by bill ot ticket
But for claiming exemption under sec 10 employee has to go on live during the same financial year and has to produce the proof of inland travel supported by bill ot ticket
Kedar Pande
(Expert)
21 May 2009
Disbursement will depend on company policy. For claiming exemption, i agree with Mr. Subramanya
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