I want to know about claiming LTA. My employer is providing ₹6000 against LTA. My CTC is ₹357,288, and I don't fall under the income tax payer category if I'm right. I recently got married, and I'm planning to visit Vaishno Devi with my family, i.e., my father, mother, wife, and myself. Can I claim the tour charges? What kind of charges can I claim, and will the claim amount be credited with my next salary? I have never claimed LTA before.
Please help.
Regards,
Preetesh Kr
From India, Jamshedpur
Acknowledge(0)
Amend(0)
1Please help.
Regards,
Preetesh Kr
From India, Jamshedpur
Acknowledge(0)Amend(0)
Understanding LTA Claims
LTA may be part of your CTC. You can claim LTA for the tickets of yourself and dependents (Air or Train Travel), and the company may reimburse the LTA claim subject to the ceiling according to your eligibility. The bona fide amount is exempted from income tax twice in a block of 4 years.
Regards,
Pon
From India, Lucknow
Acknowledge(0)Amend(0)
LTA may be part of your CTC. You can claim LTA for the tickets of yourself and dependents (Air or Train Travel), and the company may reimburse the LTA claim subject to the ceiling according to your eligibility. The bona fide amount is exempted from income tax twice in a block of 4 years.
Regards,
Pon
From India, Lucknow
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Income Tax -Transport Allw.exemption increased..docx
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls