16 January 2015
I am salaried person. LTA is not part of our CTC it is claimed by employee every year. supose I have not claimed the same for last 3 years i.e 2012, 2013 & 2014 & claimed the same Jan 2015.so i got the LTA for last 3 year Rs.120000/- So if i Want to claim the exemption of the same whether it on paid basis i.e of Rs.120000/- as whole or accrual basis i.e yearwise. I submitted the bill of Rs.125000/- for LTA exemption. Pls guide