Amount Exempted:
1.Journey performed by Air - Economy Air fair of National carrier by the shortest route or the amount spent which ever is less will be exempt
2.Journey performed by Rail – A.C. first class rail fare by shortest route.or amount spent which ever is less will be exempt.
3.Place of origin and destination place of journey connected by rail but journey performed by other mode of transport - A.C. first class rail fare by shortest route or amount spent which ever is less.
4.Place of origin& destination not connected by rail(partly/fully) but connected by other recognised Public transport system - First class or deluxe class fare by shortest route or amount spent which ever is less.
5.Place of origin& destination not connected by rail(partly/fully) and not connected by other recognised Public transport system also – AC first class rail fare by shortest route (as the journey had been performed by rail) or the amount actually spent ,which ever is less.
http://taxguru.in/income-tax/taxability-...
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I am trying to claims LTA for investment proof declaration this year. I have traveled from public transport. But I unable to fill this form. It only allow to claim travel from Rail and Air.
Any idea ?
