Lta
This query is : Resolved
18 May 2015
IF a employee is getting LTA of Rs.15000/- but spend Rs.20000/- for travel what is the deduction the employee can claim
19 May 2015
1) Not more than 15000 LTA will be allowed as per entitlement as mentioned above.
2) For 20000 spent in LTA , a travel ticket /Taxi/Rail ticket/Air tkt. proof is required for granting 15000 deductions against any spending more than 15000/- in LTA.
2) For 20000 spent in LTA , a travel ticket /Taxi/Rail ticket/Air tkt. proof is required for granting 15000 deductions against any spending more than 15000/- in LTA.
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