Lta exemption - received salary from mulltiple companies.
This query is : Resolved
Santosh Kumar Agarwal
(Querist)
16 December 2015
I Received salary in the name of Four Companies by my Employer. Can i take LTA Exepmtion from All the companies. Or I can take LTA Exemption from only one Company & I have to make LTA Taxable from other Three Companies.
Amol S Joglekar
(Expert)
16 December 2015
The exemption is expenses based. If you are going 4 times for leave travel, you can very claim it from all the 4 companies. But on the other hand, if you are proceeding on leave only once and claiming exemption for all the 4 companies, will not entitle you to get the exemption.
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