LTA Bus fare Eligible or Not

600 views 1 replies
Hi Sir or Madam

In order to claim LTA under section 10(5) of the Income tax Act, will Bus fare can be considered

There are lot of Bus tickets as part of his journeys for an Individual who is a salaried employee

Please advise

Thanks in advance
Replies (1)

Public transport

Expenses exempted under LTA Allowance

  • Travel by plane: The cheapest airfare using the shortest route or the amount paid, whichever is less, would be omitted.
  • Travel by rail: A.C. first-class fare from the shortest path or the amount expended on travel, whichever is less, would be removed.
  • The origin and destination points of the journey are linked by train, but the journey is completed by another means of transportation.
  • The origin and destination locations are not linked by rail (partly or completely) but are connected by another recognized public transportation system.
  • The origin and destination locations are not linked by rail (partly or completely) but are connected by another recognized public transportation system.

Also, read about Special Allowances

Advantages of LTA:
  • The origin and destination places are not (partially or completely) connected by rail, but are instead connected by another recognized public transit system.
  • The origin and destination locations are not (partially or completely) linked by train, but rather by another well-known public transportation system.
  • The origin and destination locations are linked (partially or completely) by another well-known public transit system, rather than by rail.
  • These benefits can be for solo and family travel.
  • The family members’ allowance is also covered.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details