Hi Pankaj, Thank you very much for providing simple tax calculator. Please see my query below. I have worked from April to August in one company, received the total LTA component as Rs.10000 and from September to March in another company, and received the total LTA component as 15000. I have submitted LTA bill for the first company and there is no tax deduction for the same. Can I submit another LTA bill for the 2nd company or can I file ITR return for the same. I believe for one financial year, only one LTA bill will be considered. Is it correct? Please correct if I am wrong. So in this case, how can claim LTA for whole financial year?
1 Answers
You can claim only one travel in a calendar year and maximum two travels in block of four years. Current block is Jan 2010-Dec 2013. In case, you have not already claimed twice in this period, you can claim one more travel done in 2013.
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