31 December 2010
In my salary component, we have to declare LTA & medical component initially so that the component is not payable in the monthly salary. It is payable when I submit proofs and get it reimbursed.
Now I have not declared this amount initially. which I have not declared initially. Can I get tax exemption on LTA & Medical now by showing proof to the company?
Or shall I declare this while filing income tax return?
Also I read some supereme court decision on LTA : No need to submit proof for LTA. Is it true? without proof what amount I can declare for LTA?
31 December 2010
Show to company, and get deduction in FORM 16A ( TDS certificate)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
31 December 2010
But I have taken that amount as taxable amount in monthly salary uptill now. How can I convert Taxable LTA & Medical into non taxable?
31 December 2010
But I have taken that amount as taxable amount in monthly salary uptill now. How can I convert Taxable LTA & Medical into non taxable? Please reply.. it's urgent