HOW MANY TIME LTA CAN BE CLAIMED INSIDE A YEAR

Dear Pankaj,

I am working in a company,where my LTA is Rs.64000 per year. Now,I want to know,can this amount be claimed in 2 parts by taking leave for the corresponding period,as my home destination air tickets are not sufficient to cover the entire amount in one time.

asked Sep 02 '11 at 12:01 by sanjay thakur 1111


Income tax exemption is only available for maximum a single travel in a year and also maximum twice in a period of four year block (decided by Govt.). Last block was 1st Jan 2006-31 Dec 2009 and current one is 1st Jan 2010- 31st Dec 2013.

In case you claimed two travels in a year, only the higher one can be claimed for tax exemption.

answered Sep 02 '11 at 18:15 by pankaj 5.2k320

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Asked: Sep 02 '11 at 12:01

Seen: 2,727 times

Last updated: Sep 02 '11 at 18:15