LTA Claim

POSTED BY Amit ON February 27, 2013 10:01 am COMMENTS (5)

Hello,

I have opted for LTA in monthly salary with tax deduction. I have following queries:

1. I have taken holiday & travelled with my family in last month. Can I claim tax refund on LTA amount while filing my income tax refund?

2. Current LTA slab is Jan 2010 to Dec 2013. I haved travelled in last month & now planning for a trip in May. So, I can claim for both my travel expenses?

Thanks in advance…

5 replies on this article “LTA Claim”

  1. Amit says:

    Hello Friends,

    I want to claim LTA. I have flight tickets and also have bills of car used for local transfer & sightseeing.

    Can I claim both i.e. Flight + Car expenses?

    Regards,
    Amit.

  2. Amit says:

    Got it… Thanks a lot…

  3. Dear Amit, the travel done by you in FY 2013-2014, ‘ll be available for tax benefit in that FY only. So you have the option to avail tax benefit at source from your employer.

    Thanks

    Ashal

  4. Amit says:

    Thanks Ashal.

    First question clear.
    Regarding second question…
    As I am going to claim for my travel in Jan 2013 while filing ITR, can I claim LTA again for my travel in May 2013? I haven’t claim earlier since Jan 2010.

  5. Dear Amit, you mean to say you opted for encash of your LTA in your mly salary & now after being on a holiday with your family, you want to avail tax benefit. Yes it’s possible at the time of filing your ITR for FY 2012-2013 in May-June 2013.

    Yes you may claim tax free LTA in May 2013 for the block of 2010-2013.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today