{"id":9285,"date":"2020-10-20T23:40:22","date_gmt":"2020-10-20T18:10:22","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=9285"},"modified":"2022-02-04T11:48:30","modified_gmt":"2022-02-04T06:18:30","slug":"decoding-of-leave-travel-allowance-lta","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/","title":{"rendered":"Decoding of Leave Travel Allowance (LTA)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d9ab7c0925a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d9ab7c0925a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Decoding_of_Leave_Travel_Allowance_LTA\" title=\"Decoding of Leave Travel Allowance (LTA)\">Decoding of Leave Travel Allowance (LTA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Key_takeaways_of_Rules_Exception_with_Calculation_of_Leave_Travel_Allowance_LTA\" title=\"Key takeaways of Rules, Exception with Calculation of Leave Travel Allowance (LTA)\">Key takeaways of Rules, Exception with Calculation of Leave Travel Allowance (LTA)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Leave_travel_Concession\" title=\"Leave travel Concession\">Leave travel Concession<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Terms_Conditions_of_application_for_Leave_Travel_Concession\" title=\"Terms &amp; Conditions of application for Leave Travel Concession\">Terms &amp; Conditions of application for Leave Travel Concession<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Leave_Travel_Concession_is_primarily_split_into_two_categories\" title=\"Leave Travel Concession is primarily split into two categories:\">Leave Travel Concession is primarily split into two categories:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#What_is_the_present_new_Leave_Travel_Concession_Block_Years\" title=\"What is the present new Leave Travel Concession Block Years?\">What is the present new Leave Travel Concession Block Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#List_of_expenditure_payments_that_have_been_exempted_under_LTA\" title=\"List of expenditure payments that have been exempted under LTA\">List of expenditure payments that have been exempted under LTA<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#When_travelling_by_Airplanes_mode\" title=\"When travelling by Airplanes mode,\">When travelling by Airplanes mode,<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#When_travelling_by_train_mode_Expenses_covered_by_the_LTA\" title=\"When travelling by train mode, Expenses covered by the LTA\">When travelling by train mode, Expenses covered by the LTA<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#How_to_Carry_Over_LTA_concession\" title=\"How to Carry Over LTA concession?\">How to Carry Over LTA concession?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Know_the_procedure_of_LTC_Claim\" title=\"Know the procedure of LTC Claim\u00a0\">Know the procedure of LTC Claim\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/decoding-of-leave-travel-allowance-lta\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Decoding_of_Leave_Travel_Allowance_LTA\"><\/span><span style=\"color: #ff0000;\">Decoding of Leave Travel Allowance (LTA)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><a style=\"font-size: 16px;\" href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/images-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-9289 alignleft\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/images-1.jpg\" alt=\"www.carajput.com; Leave Travel Allowance\" width=\"796\" height=\"446\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_takeaways_of_Rules_Exception_with_Calculation_of_Leave_Travel_Allowance_LTA\"><\/span><span style=\"color: #000080;\"><strong>Key takeaways of Rules, Exception with Calculation of Leave Travel Allowance (LTA)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Leave_travel_Concession\"><\/span><span style=\"color: #000080;\"><strong>Leave travel Concession<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Leave Travel Concession is the part of the overall Cost\u00a0of <a href=\"https:\/\/carajput.com\/blog\/tag\/private-limited-company\/\">Company<\/a> (CTC) of an employee. An employee may claim exemption U\/S 10(5) of the Income Tax Act, 1961, also known as the Leave Travel Allowance (LTA), for expenses incurred for travel while on leave anywhere on behalf of the principal within the national region.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Terms_Conditions_of_application_for_Leave_Travel_Concession\"><\/span><span style=\"color: #000080;\"><strong>Terms &amp; Conditions of application for Leave Travel Concession<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Let&#8217;s go over the requirements and obligations necessary for the exemption to be obtained.<\/li>\n<li>In order to qualify for the exemption, the applicant must cover the entire trip.<\/li>\n<li>The trip should be within the borders of the country. International travel is also not required to be claimed or protected by the LTA.<\/li>\n<li>In order to be eligible for an allowance, the employee or claimant must travel alone and with his or her spouse.<\/li>\n<li>The concept of the family involves the employee&#8217;s spouse, children, dependent parents, employees&#8217; siblings.<\/li>\n<li>Exception is limited to only two children of the employee who are born on or after 1 October 1998. This means that children born before 1 October 1998 do not fall under the limits of 2 kids.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-17756\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA.-300x276.jpg\" alt=\"LTA\" width=\"822\" height=\"756\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA.-300x276.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA.-768x706.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA..jpg 795w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Leave_Travel_Concession_is_primarily_split_into_two_categories\"><\/span><span style=\"color: #000080;\"><strong>Leave Travel Concession is primarily split into two categories:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Any travel Allowance or help that the <a href=\"https:\/\/www.caindelhiindia.com\/blog\/managerial-remuneration-in-a-company-2-schedule-xiii-see-section-198-269-310-and-311\/\">employee receives<\/a> for himself and his family from his employer to offset costs sustained while travelling on leave.<\/li>\n<li>Travel Allowance or concession aid obtained by an employee for himself or his family from his last employer to offset costs resulting from travelling after the retirement or cessation of services.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_present_new_Leave_Travel_Concession_Block_Years\"><\/span><span style=\"color: #000080;\"><strong>What is the present new Leave Travel Concession Block Years?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Leave Travel Allowance block years are Four year periods established by the CBDT under the Income-tax regulations, where deductions can be obtained twice for each block cycle.<\/li>\n<li>The presently Ninth block year is an ongoing block year. i.e 2018, 2019, 2020 and 2021 years.<\/li>\n<li>An employee can then claim two more journeys between the years 2023 and 2025. Also, the exemption is restricted for the expense incurred on domestic travel only.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"List_of_expenditure_payments_that_have_been_exempted_under_LTA\"><\/span><span style=\"color: #000080;\"><strong>List of expenditure payments that have been exempted under LTA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"When_travelling_by_Airplanes_mode\"><\/span><span style=\"color: #000080;\"><strong>When travelling by Airplanes mode,<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The national carrier&#8217;s economy class airfare is with the shortest route or the total actual amount paid on flying\/ Spent on travel, whichever is less.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"When_travelling_by_train_mode_Expenses_covered_by_the_LTA\"><\/span><span style=\"color: #000080;\"><strong>When travelling by train mode, <\/strong><strong>Expenses covered by the LTA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Presently, the LTA exemption allows for the relevant travel expenses incurred by an employee:<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-table.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-9286\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-table.jpg\" alt=\"www.carajput.com; Leave Travel Allowance TABLE\" width=\"823\" height=\"394\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-table.jpg 650w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-table-300x144.jpg 300w\" sizes=\"(max-width: 823px) 100vw, 823px\" \/><\/a><\/p>\n<ul>\n<li>The Aircondisanar (A.C) Ist class train fare is exempted from tax for the shortest path or the total amount paid on travel, whichever is less.<\/li>\n<li>If the point of origin and destination of the journey are attached\/linked by train, but the journey is carried out by other modes of transport, not by air or train.<\/li>\n<li>The Aircondisanar (A.C) Ist class train fare is exempted from tax for the shortest path or the total amount paid on travel, whichever is less.<\/li>\n<li>In case the origin point and destination point are not connected (fully\/partly) by train or air but connected by other recognised Public transport system\/ networks.<\/li>\n<li>The AC first-class train fare is exempted from tax on the shortest path (if the trip is carried out by train) or the amount paid on fares, whichever is lower.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/Leave-Travel-Allowance-Exemption-Amount.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9287\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/Leave-Travel-Allowance-Exemption-Amount.png\" alt=\"www.carajput.com; Leave Travel Allowance exemption\" width=\"625\" height=\"599\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/Leave-Travel-Allowance-Exemption-Amount.png 625w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/Leave-Travel-Allowance-Exemption-Amount-300x288.png 300w\" sizes=\"(max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Carry_Over_LTA_concession\"><\/span><span style=\"color: #000080;\"><strong>How to Carry Over LTA concession?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>If the assessor is unable to use the Leave travel Concession offered by his employer within a block period of four years, either once or twice (the permissible limit),<\/li>\n<li>He can also assert the LTA exemption by using the LTA in the year immediately following the block period of Four Years.<\/li>\n<li>That is referred to as the carry-over concession of LTA.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Know_the_procedure_of_LTC_Claim\"><\/span><span style=\"color: #000080;\"><strong>Know the procedure of LTC Claim\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The procedure for Leave travel Concession Claim is normally employer-specific.<\/li>\n<li>Each employer shall determine the due date by which the employee may Leave travel Concession Claim and must require the employee to have proof of travel like travel agency invoices, boarding passes, such as tickets etc., along with the necessary declaration with regard to LTA.<\/li>\n<li>It is not mandatory for employers to gather documentation of travel,<\/li>\n<li>it is often advisable for workers to retain backups of their related records as per requirement and to submit on LTA Claim documents to employers on the basis of the company&#8217;s Leave travel Concession policy\/tax authority as per requirements.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"color: #000080;\"><strong>Conclusion<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-17758\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-2021.-300x153.png\" alt=\"LTA 2021\" width=\"806\" height=\"411\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-2021.-300x153.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/10\/LTA-2021..png 698w\" sizes=\"(max-width: 806px) 100vw, 806px\" \/><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Exemption from the LTA is accessible from your employer \/workplace.<\/li>\n<li>The employee only has to apply along with proper supporting documents and the Business owner can add tax concession on Form 16.<\/li>\n<li>This is an authentic good tool to save taxes on holidays in the nation region.<\/li>\n<li>The Benefit of tax exemption for the expenditure of cash equivalent of the LTC fare is now made accessible to non-Central Government employees too though.<\/li>\n<li>Non-Central Government Employees can now also benefit from the benefit of the tax exemption on payment of the cash equivalent of the LTC fare, in compliance with the benefit given to the Government Employees empty dated 12 October 2020.<\/li>\n<\/ul>\n<p>Popular blog :-<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/key-takeaways-on-taxable-non-taxable-partly-taxable-allowances\/\">key takeaways on taxable non-taxable partly taxable allowances<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/entire-law-on-disallowance-under-section-40aia\/\">Entire Law on Disallowance under Section-40AI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decoding of Leave Travel Allowance (LTA) &nbsp; Key takeaways of Rules, Exception with Calculation of Leave Travel Allowance (LTA) Leave travel Concession Leave Travel Concession is the part of the overall Cost\u00a0of Company (CTC) of an employee. An employee may claim exemption U\/S 10(5) of the Income Tax Act, 1961, also known as the Leave &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[9394,9395,9393,9391],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9285"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=9285"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9285\/revisions"}],"predecessor-version":[{"id":21828,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9285\/revisions\/21828"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=9285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=9285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=9285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}