Tim Bhatawkar

Leave Travel Allowance (LTA) is a type of allowance which is provided by the employer to his employee who is travelling on leave from the work to cover his travel expenses. LTA is an important component of the salary of the employee as it is eligible for income tax exemption as per the Income Tax Act, 1961. Under Section 10(5) of the Income Tax Act, the LTA received by the employee will not be a part of his net income of the year.

If the employee has not claimed LTA in the last running block or just claimed it for once, he can still claim one additional LTA in the next block of calendar years under the carry over concession rules under which the employee can claim LTA tax-breaks on 3 journeys made in the current block of years. However, in order to utilize the carry over concession facility, the one LTA exemption with respect to the journey must be claimed in the first calendar year of the next block.

So for example, as an employee, you made just tax exemption claim under LTA only once in the last block of the year i.e. between 2014-2017. Then you are eligible to make LTA claims upto 3 journeys in the current block i.e. between 2018-2021. However, your first claim must be made in the first calendar year of the current block i.e. in 2018.

The tax exemption benefits are available only on the actual travel expenses incurred on the rail, road, or air fares only subject to the following conditions.

Travel by Air: The air fare of the economy class of the national carrier (Air India) by the shortest route or the actual expenditure incurred, whichever is less, can be claimed for tax exemption.

Travel by Train: If the place of the origin and destination are connected by rail and journey is performed by any mode of transport other than air, then the First Class AC rail fare by the shortest route or the actual amount spent, whichever is less, can be claimed for tax exemption.

Travel by Other Modes :

The LTA tax exemption claim can be made for domestic travel of self or family members. The family includes your spouse and children, and dependent parents and siblings. LTA tax break is not available for more than 2 children if born after October 1, 1998. This restriction does not apply to children born before this date.

If an employee makes a journey to multiple destinations while travelling, then tax break under LTA can be claimed only admissible expenses incurred on the shortest route available from the place of origin and farthest point of the journey.

The Income Tax Act doesn’t mandate the employer to collect proof of expenses claimed for LTA tax breaks, it is advisable to keep such bills safe to justify the expenses in case the tax authorities demand it. Therefore, it is not necessary to submit such bills of expenses to the employer, but the tax authority can demand it by issuing a notice.

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