I have travelled from Chennai to Delhi and return in January 2018. As per my employer, LTA is 4423 p.m. i.e. 53076 per annum. But I have traveled for 7430 (up and down) in Economy Class. If I claim LTA Tax Exemption, will it increases my take home salary? What is the benefit of claiming Tax Exemption?
From India, Coimbatore

Get Empowered With Critical Leadership Skills That Drive Change →
Promoted: XLRI Leadership & Change Management
Tax exemption : yes. If you submit the bill today, there may be no change in the take home as lta is disbursed monthly. Tax will be deducted on the unspent lta in the month of Feb or March.
From India, Chennai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHR.Comô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server