Hi, I have mistakenly set my LTA to 2000 per annum instead of 2000 per month. My company does not allow me to update the break up of benefits. I had the option to select the LTA and other benefits on my own. I cant rectify this mistake as the cutoff to do any changes has passed. I can only update it for next year. I wanted to know that is there any means by which i can claim a higher LTA i.e. more than 2000. I have plans to spending aroung 20,000 on travels this year.
I have mistakenly set my LTA to 2000 per annum instead of 2000 per month. Can i claim LTA exemption of more than Rs 2000
Rosh
1
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1 Answers
This issue can only be sorted out with your employer.
As LTA is a employer provided benefit, it cannot be claimed while filing income tax return. Whatever is exempted by employer will be treated final.
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