My wife is govt employee and i am working in Private sector. if I want to avail the benefits from Govt sector then what will i do? Can she get my LTA too....?( but i am not dependent as i am working too)
i joined on june 07 & confirmed on jan 08 now this yr i am appling for 18 months lta but company is giving only 12 months lta since till dec 07 i didnt complete 240 days as reqd by lta rule.pls reply urgently.
hi i claimed for lta benefit this year, i used a rented car and claimed a benefit of 18760 but got a benefit of only 7200 from my employer against 24000 allowed. I travelled from delhi to badrinath. Can i get the rest of the exemption from government, if possible how?? Thanks in advance
Hi, As we know we can cliam for LTA after 1 year. But quetion is that: For 1 year days starts from joining date in the company or the confirmation date in the company.
As I had worked for a company for 14 months and cliamed for LTA with document proof. 3 months was the probation periods.Now they are saying You haven't completed 1 years after your confirmation date. So if I reduce my three months probation periods then my total working months are 11 months. So it it true as per the LTA rules.
The scenario is: A Company pays the LTA each year with the salary.
Question: In a block of 4 years, can I submit bills to get tax exemption in any two years? The reason for asking this question is the company says I can claim tax benefit only on 2nd & 4th year. Is it true?
Re: LTA Tax exemption
by Rabin Adhikari on Mar 19, 2009 05:16 PM Permalink
No, it is not necessary that u claim in 2nd & 4th year. As per Income tax, exemptions will be made twice in a block of 4 years that may be any 2 years. As per policy of the company, it may be that company accept claim in 2nd & 4th year.
Please clarify on the number days that has to be on leave to avail the LTA tax exemption. Will i be eligible to avail the benefit if i have taken the leaves for two days (friday and Monday). It brings four consecutive days with the non working days (saturday and sunday). Please advise me if i am in this situation will i be able to get the LTA tax benefit..
RE:LTA - Number of days as leave
by vikrant bharadia on Feb 10, 2008 11:55 PM Permalink
you require leave of minimum 5 working day to avail the benefit of LTA
RE:RE:LTA - Number of days as leave
by on Feb 22, 2008 11:26 AM Permalink
Income Tax Act,1961 does not specify about how many days one should be on leave. However, the company in which the employees works governs the leave policy.
RE:RE:LTA - Number of days as leave
by raj kumargupta on Mar 10, 2008 05:03 PM Permalink
Hi, Pls help me.
As per my knowledge we can claim claim for LTA after 1 year in the organization. But quetion is that: 1 year, days starts from joining date in the company or the confirmation date in the company.
As I had worked for a company for 14 months and cliamed for LTA with document proof. 3 months was the probation periods in than company. Now they are saying You haven't completed 1 years after your confirmation date. So if I reduce my three months probation periods then my total working months are 11 months.
