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bodlasrinu
I need Clarification and What is meant by LTA and to Whom it is Applicable. If only manager cadre and also Executive cadre it is applicable. Can i Know the Salary particulars for whom the Leave Travel Allowance is applicable.
With Regards
B.Sreenivasa Rao

From India, Hyderabad
prashant1314
46

LTA - Leave Travel Allowance
Generally everbody can be entitle for the same.
If the salary comes in taxable bracket then the same ( LTA ) can be used in salary component to save the tax.
Trust this will help you!!!

From India, Pune
workforce.solutions
26

There is no minimum requirement of salary to be eligible for LTA. But as rightly pointed out, it is usually used to save income tax for higher salaried employees.
From India, Mumbai
Vaishalee Parkhi
175

To more elaborate on LTA,
- An employee is eligible for LTA after his probation period.
- Normally LTA can be applied after 1 year, as employees earned leaves / privilage leaves gets credited. Minimum leaves to take for LTA are 6.
- If someone leaves without availing LTA though eligible, his due amount is given in full and final settlement.
Regards,
Vaishalee

From India, Pune
pon1965
604

No limit is specified in I.T.rules. It is mainly for tax saving. Air/Train/Bus Tkts are considered for tax exemption in shortest routes. In a block year of 4, twice one can claim for tax exemption.
Pon

From India, Lucknow
tulsitushar
LTA is part of CTC, for tax saving and In a block year of 4, twice one can claim for tax exemption. Normally LTA can be applied after 1 year, as employees earned leaves / privilage leaves gets credited. Minimum leaves to take for LTA are 4.
From India, Mumbai
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