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Leave Travel Allowance

• Here we would like to mention that only one LTA can be brought forward and claimed in the first year of the next block. For instance, 'the 4-year block for your LTA is 2014-2017. During that period, if you did not claim LTA or claimed it only once, then you will be allowed to carry forward one LTA to 2018 (first year of next block, i.e.
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• Yes, if an Employee does not avail LTA during the block of 4 years, he can utilize the pending LTA in the first year of the subsequent block and thus can travel more three times in the same block of years.

Que.: What is an LTA?

Ans.:- An LTA is the remuneration paid by an employer for Employee's travel in the country, when he is on leave with the family or alone. LTA amount is tax free.

Que.: Who can claim for an LTA?

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Ans.: If an employee is able to furnish the documents as a proof of travel, he can claim the expense of travel in the same year. The total cost of the holidays is not covered, only the travelling cost is covered.

Que.: What documents does an employee need to present to claim for an LTA?

Ans.: An employee must maintain proof of whichever means he has travelled by and wherever he has travelled in the country. The proof is inclusive of tickets, travel agent's invoice or boarding passes as a proof against his travel which actually help during tax claims. These documents concerning with travelling indicate that an employee has travelled by a particular means of transportation.

Que.: How many members can an employee claim for LTA?

Ans.: Employee and his family. An Employee's family is inclusive of his siblings and parents who are dependent on him, spouse & up to two children. If your family is travelling without you, an LTA cannot be claimed, so for claiming LTA either an employee has to travel alone, or if his family is travelling, you have to be with them.

Que.: How can an employee get an LTA?

Ans.: An Employee is able to receive leave travel allowance if he has applied for leave from his company and has actually travelled.

Que.: How often can an employee travel using an LTA?

Ans.: The government fixes blocks of years. The current block is January 2010 to December 2013. The previous block is January 2006 to December 2009.

Que.: In what circumstances LTA is tax exempted?

Ans.: An LTA is tax exempted in case he or she travels by taking a shortest route. Travelling can be by economy class air fare, first class rail ticket or first class bus fare. If you cannot get a public transport and take a private like rent a car, get a bill issued by such rental company and can claim expenses equal to first class train fare.

Que.: Can the entire amount of travelling cost be claimed?

Ans.: Yes, the entire amount of travelling cost can be claimed.

Que.: Can both husband and working spouse claim for LTA?

Ans.: No, LTA cannot be claimed twice for the same journey.

Que.: Can LTA be brought forward?

Ans.: Yes, if an Employee does not avail LTA during the block of 4 years, he can utilize the pending LTA in the first year of the subsequent block and thus can travel more three times in the same block of years.

Que.: How can Leave Travel Allowance be calculated?

Ans.: An employee and his wife are Employees having LTA Rs 20,000/- each as part of the salaries. He travelled with his wife and a child and the travel cost comes to Rs. 15,000/- which is claimable amount for tax deduction but the remaining Rs 5000/- is taxable. At the same time, his spouse cannot claim for tax deduction since at one time only one employer can defray the cost of travel. Only one person from a couple is able to receive benefits of LTA at one time. But if the spouse wants to claim her LTA for another travel she can claim LTA.

Leave Travel Allowance (LTA) is an actual expense based allowance provided to an employee for travelling within India during the leave period.

It is also referred to as Leave Travel Concession (LTC).

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This allowance can be in form of:

1. Reimbursement of Travel Expenses,
2. Concession in Ticket Price, or
3. Free Ticket

Travel allowance policy differs from one employer to another but the tax law provides a standard rule.

In this article, we will cover the taxation of LTA, its exemption limit and many more.

LTA- Leave Travel Allowance [u/s 10(5)]

A person can get the exemption of travel allowance received from:

1. Current Employer for travelling during the leave period, or
2. Former Employer after his retirement or termination

This allowance is limited to the actual expenditure incurred for self and family on travel within India.

For a person, an LTA exemption is available for the following family members:

1. His Spouse and children (including step and adopted), and
2. His Dependent parents, brother and sister

Que.: How often can an employee travel using an LTA?

Ans.: The government fixes blocks of years. The current block is January 2010 to December 2013. The previous block is January 2006 to December 2009.

Que.: In what circumstances LTA is tax exempted?

Ans.: An LTA is tax exempted in case he or she travels by taking a shortest route. Travelling can be by economy class air fare, first class rail ticket or first class bus fare. If you cannot get a public transport and take a private like rent a car, get a bill issued by such rental company and can claim expenses equal to first class train fare.

Que.: Can the entire amount of travelling cost be claimed?

Ans.: Yes, the entire amount of travelling cost can be claimed.

Que.: Can both husband and working spouse claim for LTA?

Ans.: No, LTA cannot be claimed twice for the same journey.

Que.: Can LTA be brought forward?

Ans.: Yes, if an Employee does not avail LTA during the block of 4 years, he can utilize the pending LTA in the first year of the subsequent block and thus can travel more three times in the same block of years.

Que.: How can Leave Travel Allowance be calculated?

Ans.: An employee and his wife are Employees having LTA Rs 20,000/- each as part of the salaries. He travelled with his wife and a child and the travel cost comes to Rs. 15,000/- which is claimable amount for tax deduction but the remaining Rs 5000/- is taxable. At the same time, his spouse cannot claim for tax deduction since at one time only one employer can defray the cost of travel. Only one person from a couple is able to receive benefits of LTA at one time. But if the spouse wants to claim her LTA for another travel she can claim LTA.

Leave Travel Allowance (LTA) is an actual expense based allowance provided to an employee for travelling within India during the leave period.

It is also referred to as Leave Travel Concession (LTC).

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This allowance can be in form of:

1. Reimbursement of Travel Expenses,
2. Concession in Ticket Price, or
3. Free Ticket

Travel allowance policy differs from one employer to another but the tax law provides a standard rule.

In this article, we will cover the taxation of LTA, its exemption limit and many more.

LTA- Leave Travel Allowance [u/s 10(5)]

A person can get the exemption of travel allowance received from:

1. Current Employer for travelling during the leave period, or
2. Former Employer after his retirement or termination

This allowance is limited to the actual expenditure incurred for self and family on travel within India.

For a person, an LTA exemption is available for the following family members:

1. His Spouse and children (including step and adopted), and
2. His Dependent parents, brother and sister

Further, there are various rules which need to fulfil while claiming this allowance.

LTA Rules and Exemption Limit [Rule 2B]

This allowance can be availed for 2 journeys (back and forth) in a block of 4 calendars* years.

LTA used from 1st April 2017 to 31^st March 2018 will be allowed as the deduction in the assessment year 2018-19 even if it falls under both current and next block periods.

*Calendar Year starts from January and ends in December.

Carry-over of Unused Leave Travel Allowance

If a person did not use travel allowance (LTA) once or twice during any of the specified 4 years block periods, he can still use 1 (one) unused allowance in the calendar year immediately following that block period.

In this case, the exemption so availed will not be counted for calculating 2 journeys for the next block of 4 calendar years.

Example:

Mr.Sonu, a central government employee, was entitled to avail 2 LTA during the calendar year 2014, 2015, 2016 and 2017 [Previous block of 4 yrs].

Suppose he fails to avail both LTA, then he can still use 1 (one) LTA in calendar 2018 i.e Jan 2018 to Dec 2018.

He can still have 2 additional LTA during the calendar year 2018, 2019, 2020 and 2021. [Current Block of 4 yrs]

LTA Exemption Limit and its Calculation

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LTA exemption is allowed up to the actual travel fares.

The maximum travel fare which can be claimed as the exemption is given below:

Calculation of LTA:

Mr.Raman travels to Pune through Indigo Airlines:

Airfare paid for both way flights – Rs. 12,000/-

Airfare reimbursed by the Employer- Rs.10,000/-

Air Fare for the shortest Route- Rs.8,000/- [wild guess]

Calculate the exempted and taxable LTA.

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Solution:

Exempted LTA: Rs.8,000/- [LTA exemption cannot exceed the economic Airfare for the shortest route]

Taxable LTA: Rs.2,000/- will be taxed as salary Income [10000-8000]

Note:

1. LTA exemption is also available to foreign employees.
2. Travel bill should be saved for future reference.
3. The employee should submit those travel bill along with form 12BB
4. LTA is only for travel expenses i.e food, sightseeing, hotel or any other expenses on travel are not eligible for exemption.
5. LTA can be claimed for a maximum 2 children if born on or after 01^st October 1998. In other words, LTA can be claimed for multiple children if they are born before 01-10-1998.
6. Childs born as twin or more shall be considered as 1 child if they are born after the birth of person's 1^st
7. International travel is not eligible for LTA exemption.

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Happy Learning!