Tds on salary

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This query is : Resolved

YesodhaMuthukrishnan (Querist)

05 February 2013 Helo to Everyone ,

Kindly clarify my query,

In my office our employee has a LTA limit of Rs.9000/- for the FY 2012-2013, So he has train tickets went to his native with family in train second class AC Coach , And the train fare what he as spent is within the limit of his LTA. Kindly confirm whether second class AC coach train ticket can be taken for tax exemption and AC coach bus fare can be utilised .

Kindly clarify my query mail me to yeso_nithi2007@yahoo.co.in

Regards
YEsodha

@VaibhavJ

@VaibhavJ (Expert)

05 February 2013 hey

Journey performed by Air - Economy Air fare of National carrier by the shortest route or the amount spent whichever is less will be exempt

Journey performed by Rail – A.C. first class rail fare by shortest route or amount spent whichever is less will be exempt.

Place of origin and destination place of journey connected by rail but journey performed by other mode of transport - A.C. first class rail fare by shortest route or amount spent whichever is less.

Place of origin & destination not connected by rail (partly/fully) but connected by other recognised Public transport system - First class or deluxe class fare by shortest route or amount spent whichever is less.

Place of origin & destination not connected by rail (partly/fully) and not connected by other recognised Public transport system also – AC first class rail fare by shortest route (as the journey had been performed by rail) or the amount actually spent, whichever is less.

Read more at: https://www.caclubindia.com/forum/lta-ltc-leave-travel-allowance-concession-in-brief-233079.asp#.URDpt6V5-0c

Thanks!!

CA Prashant Gupta

CA Prashant Gupta (Expert)

05 February 2013 Dear Yesodha

second class AC and AC coach bus fare both are valid
as this is public transport
so no problem
you can allow LTA

@VaibhavJ

@VaibhavJ (Expert)

05 February 2013 hey,

Over above, if in case origin & destination is connected thru rail then max. allwable deduction will be first class AC fare between this 2 place.

Thanks!!

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

09 February 2013 Even Though Its Connected by rail, Then Also Air Travel is Valid.

But as mentioned by Mr. Vaibhav, Economy Class and Shortest route is Valid to Take Claim.

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