Hi
My employer is not facilitating the LTA and Medical reiumbursement. He is giving just other allowances and they are taxed at source.
Is it possible to claim LTA while filing Tax? I have all Proofs for LTA such as Leave and Boarding Pass for my family.
Is it possible to claim Medical reimbursement while filing Tax? I have all medical bills and Pharmacy receipts?
In this case, my employer already gave Form 16? if LTA is possible, i need to change the Income under salaries value while filling the ITR? Please guide.
Thanks
Karthik
From India, Mumbai
My employer is not facilitating the LTA and Medical reiumbursement. He is giving just other allowances and they are taxed at source.
Is it possible to claim LTA while filing Tax? I have all Proofs for LTA such as Leave and Boarding Pass for my family.
Is it possible to claim Medical reimbursement while filing Tax? I have all medical bills and Pharmacy receipts?
In this case, my employer already gave Form 16? if LTA is possible, i need to change the Income under salaries value while filling the ITR? Please guide.
Thanks
Karthik
From India, Mumbai
LTA is at the sole discretion of company policies. If LTA is not provided by your employer, you can't claim the LTA expenses on your own for tax exemption purposes.
Medical allowance/assistance or medical reimbursements are different subjects. If your company provide you the allowance for medical, you can claim for tax exemption (limit upto 15k p.a). If your company have extended facilities for medical reimbursement, that exp. will not be reflected in your Form 16 as it is reimbursement based on production of bills and the limit fixed by the employer.
Pon
From India, Lucknow
604Medical allowance/assistance or medical reimbursements are different subjects. If your company provide you the allowance for medical, you can claim for tax exemption (limit upto 15k p.a). If your company have extended facilities for medical reimbursement, that exp. will not be reflected in your Form 16 as it is reimbursement based on production of bills and the limit fixed by the employer.
Pon
From India, Lucknow
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LTA (REDIFF).doc
Medical Facts.pdf