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.
