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Leave Travel Allowance

maddivamsi (Student CA IPC / IPCC) (52 Points)

17 August 2020

I already claimed LTA in the Financial Year 2018-19.Can I further claimed LTA in Financial Year 2019-20 also?

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 18 August 2020

LTA exemption is available for only two journeys performed in a block of four calendar years.
The block applicable for the current period is the calendar year 2018-21.
So, from 2018 to 2021 you can claim, any two journeys for LTA Exemption. if you already claimed Exemption for 1 journey in 2018-19, than you can claim for second journey in 2019, 2020 or 2021 subject to fulfillment of other conditions and restriction as per sec.10(5).

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