What Does LTA Mean in Salary Terms? Seeking Clarity from Fellow HR Professionals

Hello, this is CM Dubey, working at a private limited company as a Senior Executive (HR). I would like to know what LTA stands for. Please advise me about this.

Thank you.
Regards.

LTA stands for Leave Travel Allowance/Assistance. It differs with different companies. Some companies have it fixed as a certain percentage of the salary, while others have it fixed as a specific amount for each employment cadre.

Regards, S. Sethupathy

It depends on the company's terms and conditions. As per my knowledge, some companies may fix the base salary on a monthly basis with benefits such as LTA per annum.

Thanks & regards,
Jana V

LTA stands for Leave Travel Allowance. LTA can be claimed by any employee for up to 2 trips in a block of 4 years. The current block of 4 years is from January 2010 to December 2013, which means an employee can claim up to 2 trips in this block of 4 years, but only once a year.

What if an employee takes more than 2 trips? In that case, they can claim any 2 trips of the maximum amount. The LTA bill should be submitted to the company for a claim, and it is tax-exempted. If it is not claimed, it will be added to your salary and will be taxable.

I hope you have gained some insight into LTA. For further information, you may email me at [Email Removed For Privacy Reasons].

Regards,
Mr. Apurva

Understanding Leave Travel Allowance (LTA)

LTA stands for Leave Travel Allowance. The application of LTA depends on the personnel policies of the company, and this varies from company to company. Many companies provide this benefit to employees at a fixed sum (or even one month's basic salary). Previously, employees used to receive this sum from the company on the condition that they had to take a minimum of 5 days EL/PL. Currently, in order to receive IT benefits, employees are expected to submit proof of travel (for self & family) and claim LTA as reimbursement. Even now, the condition of taking a minimum of 5 days PL prevails.

Trust this clarifies your doubt.

Thanks & regards,

R K Nair

Understanding LTA and Its Benefits

LTA is designed to promote tourism in India, and the Government of India (GOI) has provided tax incentives for this purpose. The travel expenses for a family journeying from Kashmir to Kanyakumari may not exceed ₹50,000. Companies have the flexibility to set their LTA limits based on different cadres.

Regards,
Pon