LTA DEDUCTION from salary

who is eligible to claim LTA DEDUCTIONS.
Replies (4)
Quick Summary
Employees can claim Leave Travel Allowance (LTA) deductions if it's part of their CTC and approved by their employer. This benefit can be claimed twice within a four-year block for domestic travel expenses only, excluding lodging and boarding. Family members like spouse, children, and dependent parents are also eligible for this claim.

Namaskaram Jyoti, 

Every employee is eligible to clain LTA deduction provided the following condition is satisfied.

1. It is a part of your CTC

2. The employer has approved the LTA and same has been disclosed as an exemption under section 10 in your form-16 provided by employer

3. You can claim LTA only twice in a block of 4 years i.e In current block applicable is year 2018 to 2021 so you can claim only twice the LTA benefit in the block of 4 years viz 2018 to 2021 (if you have not claimed earlier he/she is allowed to carryover such exemption to the next block provided he avails this benefit, in the first calendar year of immediately succeeding block) 

 

4. LTA is allowed only for domestic travel only , so no foreign travel expenditure is allowed

5. Only travel expense you can claim not lodging or boarding

6. You can claim travel expense for your accompanied family members as well viz Spouse , children, dependent parents, brother and sister.

 

Hope the above info  helps , feel free to reach out to me via mail akb.krupa @ gmail.com

What information you require?
Company provided LTA TO employee rs 60000 but no exemption is claimed in form 16.can hw Claim the exemption at the time of itr filling.

You can claim the LTA upto the actual cost as an exempt twice in a block of 4 calendar years.

Your trip within India i.e., domestic travel will only be included while calculating the LTA. 

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