Hi every one,
I want to know the tax treatment of LTA. My employer was not considered on my form-16. We can claim U/S-10 but how to calculate ? Can I claim whole amount or are there any calculations ?
meawhile I searched on google it showing quite complex things. Can anyone help me on this ..
Best regards,
Sai Manikanta Vadrevu
You can see examples here to understand better /articles/calculation-of-tax-exemption-on-lta-19046.asp
Hi,
You can cliam LTA exemption to the extent it is shown in to your CTC, for rest of rules follow link shared above.
Bests,
@ VaibhavJ
Thankyou for your reference. I got it now.
CAclubindia
