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Exemption on lta

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04 July 2013 Should I claim Travelling Expenses of My wife. She is depentant on me.

04 July 2013 If she is not employed by you, you can not claim travelling expenses of your wife.

04 July 2013 No you cannot claim the Travelling Expenses of your wife.

Leave Travel Allowance (LTA ) is one of best Tax saving tools available to employees.

As per the Rules, you can claim the LTA benefit only twice during the block of 4 years. For this purpose, following condition should be satisfied:

You should be on leave.
You should travel any where in India.
During such travel you may have your family with you.
LTA is part of your salary component.
Family includes spouse, children as well as dependent parents, brothers and sisters.

In respect of children born on or after 1.10.98, the exemption will be restricted only to two surviving children unless the birth after one child has resulted in multiple births.

The travel expense incurred by you is exempt up to the LTA received.

Obviously, if your wife and other family members travel, without you accompanying them, no LTA can be claimed.




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