Pl. clarify whether LTA & Medical received on monthly basis is taxable or I can claim non taxable with bills. Pl. give IT act or Rule supporting
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MONTHLY LTA & MEDICAL
Replies (1)
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
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