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Leave Trave Allowance, Income Tax |
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Leave Trave Allowance |
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Dear All, An employee is undertaking travel. The period of travel is 30/03/16 to 04/04/16. He has already paid for the Air Ticket & Lodging. Whether he is eligible for exemption of LTA during the year 2015-16. Thank you. Posts / Replies Showing Replies 1 to 4 of 4 Records Page: 1
In my view, Yes. However you should talk to your company HR department.
Sh.Ganeshan Kalyani Ji, Pl. note the period. Is there any change in the Budget, 2016 on this issue ? Pl. confirm.
Normally in Income Tax notifications are effective prospectively ?
Sir, LTA can be claimed twice in a block of four years. Current block financial year is 2014 to 2017. Hence he should be able to claim the LTA. Thanks. Page: 1 Old Query - New Comments are closed. |
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