LTA,Medical not declared in salary structure - can I claim exmpetion under Special allowance?

Hi, I had not declared the LTA,medical in salary structure in the begining of April 2012.Now I have travelled on vacation,paid some medical bills.Now the employer says,I cannot claim the expemtion for the same now but cab be claimed while filing taxes. Just wanted to confirm whether I can claim the tax refund later for medical and LTA while filing the taxes in June - July 2013?I do have special allowance in the salary structure. regards, Madhu

asked Jan 03 '13 at 13:44 by Madhusudan 1111


Income tax return form does not have a provision to claim exemption for LTA and medical bills. These should be provided by employer only.

If you decide to reduce taxable income by that amount and file returns, there would be mismatch in form-16 taxable income (on which employer deposits TDS) and what you declare. In this case IT department may send you notice to explain the difference.

answered Jan 04 '13 at 20:16 by Pankaj Batra 5.2k320

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Asked: Jan 03 '13 at 13:44

Seen: 3,370 times

Last updated: Jan 04 '13 at 20:16