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Leave Travel Assistance (LTA)
The following points need to be
considered:
· An Employee
may claim the exemption for himself/ herself and his/ her family
consisting of his/ her spouse, children, parents, brothers
and sisters
wholly/mainly dependents on him/her.
· The
travel has to be within India.
· The
tax exemption is available only for one journey during a year.
· The
exemption can be claimed for two journeys in a block of four years. The
current block of four years is 2018 to 2021 and next
block of four years is 2022 to 2025.
· For
claiming LTA, an employee needs to avail at least 3 (consecutive) Privilege Leaves.
· The Employee
claiming the tax exemption, he/she must travel along with their family members.
· Exemption
is available only in relation to expenses incurred on travel.Other incidental
expenditure on hotel accommodation, food etc. are not eligible for exemption.
· Maximum
tax exemption is limited to the amount of LTA payable to you.
The
eligible amount shall be arrived at as per the following clauses:
· Where the journey is performed by air, an
amount not exceeding the air economy fare of the national carrier by the
shortest route to the place of destination.
· Where journey is performed by rail;
railway fare in first class AC by shortest route to the final destination.
· Where journey is performed by any mode
other than by air or rail, and
the places of origin and destination
are connected by rail, then First
class
AC fare by shortest route from the place of origin to the place of
final
destination.
· Where journey is performed by any mode
other than by air or rail, and
where place of origin of journey and
destination or part thereof are
not connected by rail then:
i)
If a recognized public transport system
exists between such
places
the first class or deluxe class fare of such transport by
shortest
route.
ii)
In any other case, First AC class train
fare for the distance of
the
journey by the shortest route, as if the journey has been
performed
by rail.
Documents to be submitted:
For Air
Travel:
1.
Covering letter in prescribed format
duly completed and
signed
by the Employee.
2.
Original tickets / Print outs in case
of e-tickets along
with
all the boarding passes.
3.
Extract of approved Privilege Leave
record showing that you were on leave
when
the travel was conducted.
For Train Travel:
1.
Covering letter in prescribed format
duly completed and
signed
by the Employee.
2.
Original train tickets.
3.
Extract of approved Privilege Leave
record showing that you were on leave
when
the travel was conducted.
For Hiring A Vehicle:
1.
Covering letter in prescribed format
duly completed and
signed
by the Employee.
2.
Original invoice of the travel company
along with
acknowledgement
of receipt of payment by the travel
company.
3.
Toll Taxes paid during the travel can
also be claimed only
against
original receipts.
4.
The duty slip of the driver should also
be attached.
5.
The Employee shall have to give a
comparative train fare from
the
place of origin of the journey to the final destination.
Prints
out of these details have to be obtained from the
6.
Extract of approved Privilege Leave
record showing that you were on leave
when
the travel was conducted.
For Use of Own Car:
1.
Covering letter in prescribed format
duly completed and
signed
by the Employee.
2.
Original petrol bills.
3.
Toll Taxes paid during the travel can
also be claimed against
original
receipts.
4.
The Employee shall have to give a
comparative train fare from
the
place of origin of the journey to the final destination.
5.
Prints of these details have to be
obtained from the following
6.
Extract of approved Privilege Leave
record showing that you were on leave
when the journey was performed.
