EXEMPTION UNDER LTA, Income Tax

[S.C. WADHWA]

A salaried person is giving Taxi hire bills in order to claim exemption under LTA.

Whether these bills are admissible or it shall be restricted to first class AC rail fare.

Please advise

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

It should be done in accordance with the eligibility conditions for such reimbursement made between the employer and the employee.