If a person visits any place in India and from there he travels abroad and come back to same place or any other place in India and returns back to his home town. Whether the entire LTC will be taxable or only the journey abroad is taxable.There could be two situations - one he has brak up of cost of tkts for domestic and foreign travel. and two he has one tkt. showing place of visits in India and abroad. Pl. clarify.
If a person visits any place in India and from there he travels abroad and come back to same place or any other place in India and returns back to his home town. Whether the entire LTC will be taxable or only the journey abroad is taxable.There could be two situations - one he has brak up of cost of tkts for domestic and foreign travel. and two he has one tkt. showing place of visits in India and abroad. Pl. clarify.
If a person visits any place in India and from there he travels abroad and come back to same place or any other place in India and returns back to his home town. Whether the entire LTC will be taxable or only the journey abroad is taxable.There could be two situations - one he has brak up of cost of tkts for domestic and foreign travel. and two he has one tkt. showing place of visits in India and abroad. Pl. clarify.
If a person visits any place in India and from there he travels abroad and come back to same place or any other place in India and returns back to his home town. Whether the entire LTC will be taxable or only the journey abroad is taxable.There could be two situations - one he has brak up of cost of tkts for domestic and foreign travel. and two he has one tkt. showing place of visits in India and abroad. Pl. clarify.
I have declared my LTA as 40000rs. But I claimed only 25000rs. But I resigned In 25th-Feb-2010 itself. I have been working for 5yrs for this company. Now they are saying they will calculate LTA as pro-rata basis and hence I'll get only 10810 only instead of 14500. (Ofcourse taxes will be deducted on this)
My CTC doesnt have any seperate component as LTA. I could opt for LTA, then it'll be taken from Special Allowance.
Should I get 14,500rs or 10810rs? (before taxes apply)
Hi, I have travelled to a destination when I was not working i.e. between the period when I was in one company and the next company. Can I claim for tax exemption for this travel for LTA?
Hi, I have travelled to a destination when I was not working i.e. between the period when I was in one company and the next company. Can I claim for tax exemption for this travel for LTA?
