- LTA (Leave Travel Allowance), is a benefit provided by almost all employers to their employees which provide income tax benefit. One can claim LTA for two times in a block of 4 years. Employees would take leave, enjoy their travel and claim this as reimbursement where income tax is not deducted.
- Leave Travel Allowance (LTA) is an actual expense based allowance provided to an employee for travelling within India during the leave period. It is also referred to as Leave Travel Concession (LTC). This allowance can be in form of: Reimbursement of Travel Expenses.
- Your organisation might reject the Leave Travel Allowance (LTA) claim, if you had travelled on official holidays, like on a weekend, from this year. The Income-Tax (I-T) Act says the employee needs to be “on leave to be in any other place in India”.
We are there for you wherever you need innovative, reliable access and security solutions – in hotels, shops, sporting venues, airports, hospitals, in the home or at the office. The trusted partner for smart and secure access solutions, products and services from a single source in India. Dec 25, 2019 LTA (Leave Travel Allowance), is a benefit provided by almost all employers to their employees which provide income tax benefit. One can claim LTA for two times in a block of 4 years. Employees would take leave, enjoy their travel and claim this as reimbursement where income tax is not deducted.
From India, Delhi
LTA stands for Leave Travel Allowance/Assistance.
It's differ with different companies.
Some companies have fixed as some % in the salary. and some more fixed as a fixed amount for each cadre of the employment.
From India, Coimbatore
From India, Madras
LTA stands for Leave Travel Allowance....
LTA can be claimed by any employee upto 2 trips in the block of 4 years....
The current block of 4 years is jan 2010 to dec 2013...means an employee can claim upto 2 trips in the block of these 4 yrs. but only once in a year.
Now what if an employee takes more than 2 trips....??
Then he can claim any 2 trips of maximum amount...
The LTA bill should be submitted to company for a claim and it is tax exempted, and if it is not claimed it will be added in your salary and will be taxable.....
Hope u got some idea about LTA....
Further u may mail me at-
From India, Mumbai
Trust this clarifies your doubt.
Thankis & regards
R K Nair
From India, Aizawl
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