10 February 2011
Employee has not claimed LTC in earlier year.Now he is claiming LTC for 2009-10 & 2010-11 by making Journey from 18/05/2010 to 25/05/2010.Total amt of claim is Rs. 40000/- and fare incurred Rs. 50000/- Let me advice whether he is eligible for exemption for both the years on the basis of tickets provided for one journey of above period.
10 February 2011
The assessee can claim exemption in respect of any two journeys in a block of 4 years. Current block is Calendar years 2010-2013 and previous block was 2006-09.
Since you have not performed any journey in Block 2006-09, you can claim the exemption of first journey in the calendar year immediately succeeding the end of the block of four calendar years i,e 2010-13.
but you cannot claim LTC for two years by undertaking one Journey.
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