1)i have not claimed an LTA till now(From Jan 2006 till March 2008), so will i be able to claim LTA continuously for the reamining 2 years(i.e For 2008 and 2009) 2) since the Lta is for a calender year.. can i produce the LTA bills for tavel in 2009 for tax exemptions in march 2010
RE:Lta Clarification(abt block of years)
by on Feb 22, 2008 11:31 AM Permalink
1) Yes, you can claim LTA during 2008 and 2009, since these two year comes within the block of 4years starting from 2006 to 2009.
2) You need to travel during 2009 and the exemption will be given during calender year 2009. However, since financial year starts from 1-4-09 to 31-3-2010, the amount of exemption will be reflected in your Form 16 for the Financial Year 2009-2010
RE:Lta Clarification(abt block of years)
by raj kumargupta on Mar 10, 2008 05:04 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.
1)I do not have the flight tickets and the boarding pass with me.Can I submit the e-ticket Itinerary instead?
2)If have yearly limit of say Rs. 14,000 and say first year I did not claim for LTA and my tax was deducted.....then when I claim LTA next year, can I claim that last year's unclaimed amount also? I mean can I claim upto 28,000 ,if I have yearly 14,000 limit?
RE:LTA
by Sachin Yeola on Feb 05, 2008 04:51 PM Permalink
Maximum LTA can be claimed to the extent of Actual LTA received by the employee. If Employee has received an LTA of Rs. 50,000/- then maximum limit of exemption will be Rs. 50,000/-.
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.
I didn't claim any LTA in the block of 2002-2005. I claimed my LTA first time in 2007. After that I've changed my company. Can I now claim LTA twice in the block of 2006-07 in the new company?
whether LTA must be given to employee by the company if employee completes one year of service in the company is it true? any govt. policy is there in this regard
Hi, As the rule says, I can claim the LTA twice in 4 years block. If i have yearly limit of say Rs. 10,000 and say first year i did not claim for LTA and my tax was deducted.....then when i claim LTA next year, can i clain that last year's unclaimed amount also? I mean can i claim upto 20000 twice if i have yearly 10000 limit?
