Re: In a Year how many times i can Travel to claim LTA
by preeth on Mar 03, 2009 05:19 PM Permalink
You can only travel once two claim LTA. One time travel in the shortest possible route with or without your family. Only your rail fare or air fare can be used. If you have used any other mode of road transport than you have to submit your bills for the same.
Re: Re: HI
by amit saraogi on Jun 08, 2009 01:35 PM Permalink
it can be fully claimable subject to amount actually incurred on travel. there is no restriction based on basic salary
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.
Re: Total working months criteria (is it min 15 months)
by shyam agarwal on Apr 02, 2009 03:29 PM Permalink
Claiming an LTA does not depend on the date of joining as per law but your employer may have got a policy that it only pays LTA after completion of one year of service. u should check with your employer for any such polcy.
If Some boby went to Delhi-mumbai (up & down) by train, between his tour he visted goa, shirdi by private taxi & board cruise, Are these bill of Private taxi & board cruise can be claimed in LTA
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 amit saraogi on Jun 08, 2009 01:37 PM Permalink
income tax act does not gives u any such restriction. it say ANY two years in a block of FOUR years. It is quite posiible that for internal contriol purpose, ur company is saying this. you need to check up with ur employer.
for LTA Claim , only on time journey is applicable. means if in a year , i'll travel 02-03 journey . is it apllicable for clubbing these 02-03 journeys in a year.
RE:LTA
by Rafiq Raja on Nov 14, 2007 01:03 PM Permalink
That's depends on the companies policies, generally it is 2 or 3 days of Earned / Privileged Leave.
Hi, I am kamleshkumar Jaiswal, working with IBM India, i am eligible for LTA of Rs 430 p.m, if i will not take any leave for travelling. should i get my LTA amount with my salary after my resigned.
RE:Query regarding LTA
by Rafiq Raja on Nov 14, 2007 01:04 PM Permalink
normally, LTA is paid along with every financial year end after getting taxed, if you don't avail it.
RE:Query regarding LTA
by raj kumargupta on Mar 10, 2008 05:05 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.
