Lta exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2015 I am salaried person. LTA is not part of our CTC it is claimed by employee every year. supose I have not claimed the same for last 3 years i.e 2012, 2013 & 2014 & claimed the same Jan 2015.so i got the LTA for last 3 year Rs.120000/- So if i Want to claim the exemption of the same whether it on paid basis i.e of Rs.120000/- as whole or accrual basis i.e yearwise. I submitted the bill of Rs.125000/- for LTA exemption. Pls guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 January 2015 Please see the link.

http://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 YOU CAN SEE

www.charteredclub.com/leave-travel-allowance

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 January 2015 all the details you can see in this link :

http://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html