can LTA & medical allowance (15K)

can we claim the LTA & medical allowance be claimed while filing IT returns ?

please suggest

asked Jan 14 '13 at 22:27 by kishore 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 18 '13 at 19:54 by Pankaj Batra 5.2k320

Thanks a lot for the response. But I read in a article that there is a Supreme Court ruling...which states that the companies are optional to collect the LTA bills. The Article is on the below link Now, you don't need proof to claim LTA, conveyance Sanjay K Singh, ET Bureau Jan 29, 2009, 12.54pm IST (Monitor your financial health Why be a wealth manager!) NEW DELHI: Employers, while assessing the conveyance and leave & travel allowance (LTA) claims of their staff, are under no statutory obligation to collect supporting evidence and furnish them to tax authorities, the Supreme Court said on Wednesday. A bench comprising Justice SH Kapadia and Justice Aftab Alam said that assessee employers are under no statutory obligation to collect bills and details to prove that the employees had utilised the amounts obtained against these claims on travel and related expenses.
(Jan 18 '13 at 22:30) kishore
Ruling says employer need not to collect bills. But employee must claim travel done and medical bills (claim may be without original bills, like details of travel and dates etc). Its the employer only who can process LTA claim and medical reimbursements.
(Jan 19 '13 at 00:05) Pankaj Batra

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Jan 14 '13 at 22:27

Seen: 5,244 times

Last updated: Jan 19 '13 at 00:05