Dear ANNONYMOUS Friend,
LTC claim is not as per any statute but it is as per your company's policy and rules & regulations thereunder. So this forum can not tell you any thing on your company's policy.
However, LTC claimed by you, you are entitled to have I. Tax exemption under it twice in the block of four years subject to certain conditions & rules. You need to produce bills on your travel expenses as under:
If you travel through air, an economy class fare of the Airlines is allowed as an exemption.
If you does not travel through air and the places are connected through rail, AC First Class Rail fare is granted as an exemption.
If you does not travel by rail or air and the places are also not connected by rail or air,
where recognised mode of transport is available, First or Deluxe Class fare of such transport is allowed as an exemption.
Where recognised form of transportation is not available, an amount equal to the AC First Class Rail fare (the distance of the shortest route is considered) is allowed as an exemption.
Under the circumstances you are not entitled for I.Tax exemption on your travel from Mumbai to Bengaluru and adjoining areas by your self-driven car.