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LTA Query

Prakash (Same as above) (40 Points)

15 April 2011

Hello,

I am salaried person having LTA for Financial Year 2010-2011 = 30300/-

I have not claimed yet and received LTA amount after deducting TAX.

My query: Can I claim for REFUND while filling Return? I visited last year and have Car Rent receipt with me.

Please suggest.

Thanks

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4 Replies

Harish Naidu (Job) (193 Points)
Replied 15 April 2011

It cannot be claimed at the time of return filing as its a employer provided allowance.

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Prakash (Same as above) (40 Points)
Replied 15 April 2011

Thanks for reply.

One more query.

If I go on LTA this year, how much may I be able to claim?

i.e. Last year 30300/- & current 30300/-

upto 60600/-

or only 30300/-

thanks

Harish Naidu (Job) (193 Points)
Replied 15 April 2011

The current LTA Block is 2010-13, you can claim 2 times in this block which is exempted from TAX if you have travelled by availing Leave. As you said you have got the LTA amount for 2010 after deduction of Tax, so now at the end of this financial year you can claim current year LTA.