Lta exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2012 Dear all,

Is LTA taxable from 01.04.2012?
what is the maximum limit of LTA for exemption,
can we take benefit of conveyance allowance of rs 800 per month and LTA both

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 August 2012 LTA exemption & rules still continues for FY-2012-13 also no changes on that in Income tax act.

Rs.800 transport allowance is exempted for the purpose of allowance for conveyance from residence to office allowed

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2012 Thanks alot Ramesh.......

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