MONTHLY LTA & MEDICAL

Mr Jagdish

Incase of medical , if you claiming the medical amount by producing the medical bills then UPTO Rs. 15000 PER YEAR it is non taxable but after that it is taxbale . And in case of claiming the medical bills without any supporting then it is purely taxable.................there is no limit for such allwance .

In case of LTA if you are getting the LTA on monthly basis then , it is fully taxable but if you claim the lumpsum amount at a time by producing the bills , then it is non taxable BUT 2 times in a block of 4 year.

Regards

SORABH GUPTA