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.
