Two lta claims in same calendar year

Originally posted by : CA CS Ashwin Sharma
	In my opinion u can claim these lta and wnt b eligible in this block

Hi Ashwin,

Thanks for responding. I have few questions on the same. I hope some one of you can answer that too.

1. Since I did not claim LTA for previous financial year (2011-12), my employer has credited the LTA amount deducting tax. I hope I am still eligible to claim and I can do that during my returns.

2. How to arrive at the LTA amount eligibility?

a. For the first travel on March 2012, can I use the LTA allowance for that financial year only or can the LTA allowance from Jan 2010 can be used?

b. For the second travel on April 2012, can I consider the LTA allowance from April 2012-Mar 2013 (Projected)

Regards,

Vishnu