I’m eligible for LTA Rs.151920/-pa.Have few questions.
1)How can i save tax against LTA. What i have to do for this?
2) My employer mentions, Exemption as per applicable tax rule below –in front of the LTA amount in appraisal letter.In this case can i travel and claim expenses or not?
3) If i claim expenses and still can I get tax exemption on amount?
Refer my post “Leave Travel Concession (LTC) rules and applicability“.