Exemption of LTA from Income Tax

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  1. SNEHEL SAHA

    SNEHEL SAHA New Member

    Hi,

    I am a salaried employee with LTA amount of INR 50000 per annum.
    As per the rule one can claim the LTA amount twice in a four year. Which means in this 8th block (2014-2017) I can claim total of INR 2 Lakhs within 2 claims i.e. INR 1Lakh per claim.
    I have not claimed any LTA in 2014. If I claim INR 1 Lakh in 2015, so can I avail the tax benefit of INR 50000 in 2015 & INR 50000 in 2016.

    Please suggest.

    Regards,
    Snehel Saha
    9810828695
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, you can do it and avail exemption
     
    SNEHEL SAHA likes this.
  3. SNEHEL SAHA

    SNEHEL SAHA New Member

    Thanks Akanksha. Can you please refer a link from where I can read & clarify my doubts on LTA exemption.
     
  4. Manoj Mehra

    Manoj Mehra Active Member

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