Lta deduction
This query is : Resolved
31 July 2011
sir/madam
my clint as employee can he get LTA deduction if he expend two time in year
my clint as employee can he get LTA deduction if he expend two time in year
31 July 2011
The LTA tax exemption can be claimed only twice in a block of 4 years and only one travel in one year.
These blocks of 4 years are predefined by the government. These are:
2002 – 2005
2006 – 2009
2010 – 2013
And so on. These are calendar years
The LTA tax exemption can be claimed only twice in a block of 4 years and only one travel in one year.
These blocks of 4 years are predefined by the government. These are:
2002 – 2005
2006 – 2009
2010 – 2013
And so on. These are calendar years
31 July 2011
Yes, In particular Block 2 times LTA can be claimed
There is carry over concession also, if the employee not claimed LTA during any of the specific 4 year block then the exemption can be claimed in the first calender year of the next block. it will not be counted in 2 exemption available in the particular block
There is carry over concession also, if the employee not claimed LTA during any of the specific 4 year block then the exemption can be claimed in the first calender year of the next block. it will not be counted in 2 exemption available in the particular block
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