LTA & Medical Under section 10

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

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?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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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?

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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? Please reply.. it's urgent