Can I claim exemption under the new LTA cash voucher scheme while filling tax returns? My previous company is not allowing me to submit LTA Cash Voucher proof and claim LTA exemption after the final settlement.
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Can I claim exemption under the new LTA cash voucher scheme while filling tax returns?
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You can manually claim the LTA exemption in your ITR under Section 10(5) if you missed the employer's deadline, provided you are opting for the Old Tax Regime, have the necessary travel proofs, and LTA is a part of your salary structure. Ensure you keep all documentation for at least six years for potential verification.
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