Lta exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
I am salaried person. LTA is not part of our CTC it is claimed by employee every year. supose I have not claimed the same for last 3 years i.e 2012, 2013 & 2014 & claimed the same Jan 2015.so i got the LTA for last 3 year Rs.120000/- So if i Want to claim the exemption of the same whether it on paid basis i.e of Rs.120000/- as whole or accrual basis i.e yearwise. I submitted the bill of Rs.125000/- for LTA exemption. Pls guide
16 January 2015
Please see the link.
https://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html
https://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html
16 January 2015
YOU CAN SEE
www.charteredclub.com/leave-travel-allowance
www.charteredclub.com/leave-travel-allowance
16 January 2015
all the details you can see in this link :
https://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html
https://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html
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