What is required to claim LTA?

Procedure to claim LTA is generally employer specific. Every employer announces the due date within which LTA can be claimed by the employees and may require employees to submit proof of travel such as tickets, boarding pass, invoice provided by travel agent etc along with the mandatory declaration.

Can I claim LTA without boarding pass?

New Delhi, Oct 9: In a move that signifies the “acche din” for government officials, the government officials no longer will have to produce their boarding passes to claim the Leave Travel Allowance (LTA). “Air tickets should be purchased only from the authorized travel agent of this Deptt.

Is LTA part of monthly salary?

Employers pay leave travel allowance or LTA as part of the CTC salary just like HRA and medical allowance. The total LTA for each employee is calculated on a yearly basis. However, employees may even receive it as a part of their monthly salary.

What happens if I don’t declare LTA?

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.

Is LTA paid in salary?

Benefits of Leave Travel Allowance LTA is added to the salary structure by the employer based on various factors such as title, position, pay scale, etc. The LTA benefits can be availed only if it is a part of the salary structure. You can claim for the LTA when you have traveled alone or when with family as well.

Is LTA a part of gross salary?

In order to determine the part of your income that is taxable, subtract allowances (LTA, Conveyance Allowance, HRA), professional tax, medical bills, medical insurance, tax saving investments, if any and other deductions from your gross salary.