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Want to recover LTA? Retain your authentic travel bills

Employees opting for leave travelling allowance as a tax exemption tool will hence forth have to maintain all necessary evidence in the form of their travelling tickets, boarding passes going by the new notification of the Central Board of Direct Taxes (CBDT) effective from June 1. So far, there was no specific form or format in which the particulars or evidences were required to be submitted. To streamline the same CBDT through its Notification has prescribed a new Form 12BB in which the details of deduction claimed have to be furnished by the employee, however the notification does not mention any particular documents to be preserved for claiming LTA.

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