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Lta exemption

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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2013 Dear Expert,
One of employees Travel with family for Air in the FY 2012-13 in 2-3 times.

For Ex.-Employer paid LTA amount of Rs 30,000 to the employee. Travel Expenses made of Rs.40,000

Quest- Can i consider ticket amount(2-3 times journey) as per LTA amount paid for employer.

Pl suggest.

Thanks in advance.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 February 2013 As per Rules in the block of 4 calender years, concession in respect of 2 journeys may be enjoyed.
.
As F Y 2012-13 is covered under the Block of
C Ys 2010-2013, you may provide assistance in respect of max. 2 journeys.
.
Pl. refer Rule 2B for more details.

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2013 Thanks Sir.

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