If an employer paying LTA every year to his emplyee with submission of supports. can the employer use exemption of LTA at every alternate year (means one year tax and next year exemption)instead of using block of year cluase. Request clear advise.
02 October 2013
Yes, but we are paying LTA every year and getting supporting docs as a procedure. Therefore if we are taxing LTA at every alternate year(once in two FY). Is it correct?