What proofs can be submitted for LTA?

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 for one way ticket?

One can, however, claim LTA for travel from one place to another. The individual can, therefore, claim LTA for connecting flights if there are no direct ones available. But, if your vacation involves going to multiple places, you can claim LTA for one trip only.

Can taxi bills be claimed for LTA?

Air travel, train ticket cost (economy or first class AC), hotel and taxi bills within India (no abroad) are allowed. Full LTA that is part of CTC can be claimed with receipts. LTA is the short form for Leave Travel Allowance.

Is LTA a part of CTC?

Leave Travel Allowance (LTA) forms a part of an employee’s total CTC (cost-to-company). Also known as Leave Travel Concession, an employee can claim exemption under section 10(5) of the Income Tax Act, 1961, for expenses incurred for travelling when on leave anywhere in the country.

Can I claim taxi fare in LTA?

Air travel, train ticket cost (economy or first class AC), hotel and taxi bills within India (no abroad) are allowed. Full LTA that is part of CTC can be claimed with receipts.

Can I claim LTA if Travelled by own car?

Moreover, you cannot claim LTA exemption if it has been used to travel via private car or hired cabs. You can claim an LTA exemption only for you and your family’s travel expenses. Family includes spouse, children and wholly or mainly dependent parents, brothers and sisters.

Can I claim LTA If I don’t travel?

Since the LTA is a component of your salary structure itself, it gets credited to your account as part of your salary on a regular basis. However, if you don’t travel at all or don’t have valid proof of travel, then you can not claim the LTA received for tax exemption purpose.

Does boarding pass affect LTA claim?

Gain a global economic perspective to help you make informed business decisions. Boarding pass has no relationship with claim for LTA unless it has been made a mandatory condition by your employer to factor it while calculating TDS to be deducted form your salary.

Is LTA included in CTC if not claimed?

In case you (and family) did not travel anywhere, then whatever LTA amount was mentioned as part of your CTC, will be given to you at the end of the year in your March salary, but taxes will be deducted. Hence LTA (not claimed) but anyway received will be subject to tax.

Can LTA be claimed on food expenses?

Food or stay or any such expenses excluding travel cannot be a part of it. LTA can only be claimed on domestic travel expenses. You can not claim LTA on the expenses incurred during the international trip (if any) of the employee. It should be noted that the employee can not claim LTA in every financial year.