One of the employees in my organisation has claimed LTA in Oct-13 for f.y. 2010,2011 & 2012 by providing journey tickets of f.y. 2011. should I give him tax exemption against provided journey tickets?
04 November 2013
Current LTA block is 2010-2013. with in this block employee can claim 2 trips. even though the LTA block represents the calender year, if the claim is related to the particular financial year. then you can allow. so tickets related to earlier year. it cannot be allowed in different year. so ask them to provide the tickets related to the current financial year or atleast current calender year.
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