LTA Bills
Proof to be submitted
1. Original ticket for rail travel (or) E-tickets along with proof of payment i.e. either bank statement or credit card statement.
2. Original boarding pass and photocopy of air ticket for air travel.
3. Independent road travel shall not be eligible for LTA exemption. In case an employee who has traveled by rail/air continues his journey, which is subsequently connected by road travel, it shall be allowed if supported by a one-way toll receipt.
4. Tour packages are not allowed for LTA exemption.
5. If an employee is not able to produce any of the above-mentioned documents for whatever reason, the said claim will not be considered for tax-free benefit.
Guidelines
1. Domestic air/rail/road travel proofs will qualify for LTA exemption. (Foreign travel tickets will not qualify for LTA exemption).
2. An employee can avail tax-free benefit twice in a block of 4 years.
3. At a time, one journey (to and fro) will qualify for exemption.
4. The employee should be part of the travel.
5. Boarding and lodging expenses will not be considered for LTA exemption.
6. Leave should be availed during the period of travel.
7. Only the fare cost is exempt.
8. Current Block: Leave travel expenses qualify for exemption for 2 domestic trips in a block of 4 years. The current block is from January 2006 to December 2009. This is on a calendar year basis.
9. In case an employee travels to more than one destination, then he shall claim LTA exemption for one destination only.