Unused LTA utilisation: Take a holiday and travel in India before March 31, 2025, to save income tax; know how to make this plan workLeave Travel Allowance (LTA): Eligible employees who have an holiday on March 31, 2025 on account of Eid al-Fitr can make use of their unus...
28 Mar, 2025, 04.03 PM IST
Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax returnLTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of t...
20 Mar, 2025, 12.58 PM IST
Leave Travel Allowance: This is the last date for current LTA blockSalaried employees can claim Leave Travel Allowance (LTA) for travel expenses incurred during leave, covering up to two journeys within a b...
10 Mar, 2025, 05.44 PM IST
LTA or Leave Travel Allowance exemption limit, eligibility, restrictions, documents you need to submit: LTA latest rules hereLeave Travel Allowance (LTA), which is component of your salary, helps cover travel expenses incurred during your vacation. While it covers...
20 Aug, 2024, 12.44 PM IST
Central govt employees, private employees can't claim LTA if they don't follow these rules; LTA eligibility, other latest updatesLTA for central govt employees: Employers offer Leave Travel Allowance (LTA) to offset travel expenses during leave. It covers airfare, tra...
16 Aug, 2024, 02.24 PM IST
How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and moreLeave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends ...
17 Apr, 2024, 10.36 AM IST
LTA exemption: Submit tax-saving proofs to employer by March 31 deadline as claiming LTA in ITR is a hassleLTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who trave...
31 Mar, 2024, 09.45 AM IST
Don't forget to claim your LTA tax exemption this year: Here is howLTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2022-25, one can undertake three journeys in the ...
10 Mar, 2023, 11.16 AM IST
How to claim LTA from your employerBefore availing of the tax benefit on LTA, there are, however, certain other important conditions attached to it. Read on to know them. Do ...
28 Feb, 2022, 01.09 PM IST
How you can use LTA to go on a tax-free vacationUnder LTA coverage one is allowed to claim exemption for self, spouse, two children, dependent parents and dependent siblings.
06 Nov, 2017, 02.34 PM IST
Zeta launches online leave travel application on its appOptima LTA Card is built on Zeta's digital platform that is uniquely designed to process LTA claims the paperless way.
11 Jan, 2017, 01.48 PM IST
How to make the most of your Leave Travel AllowanceHolidays can mean heavy expenses. However, if you are a salaried individual, you can use the same vacation to save a decent amount on tax o...
04 May, 2015, 11.13 AM IST
Leave travel allowance (LTA) to be tax exempt only for domestic travelThis was clarified in a recent ruling by the Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) while hearing an appeal of a PSU ...
15 May, 2013, 12.01 PM IST
- Revisit standard deduction
Back in 2009, the Supreme Court had to determine whether a company needs to collect evidence that its employees have utilised their LTA cla...
30 Nov, 2012, 05.00 AM IST
- When and how to claim LTA to maximise tax benefits
If you are entitled to leave travel allowance, you can claim it to reduce your tax. Find out when and how to claim it before you catch your...
14 Mar, 2011, 03.36 AM IST
- ET in the Classroom: Leave Travel Allowance
ET brings out a prime on Leave Travel Allowance, which is offered to employees by companies to offset the tax liability.
03 Feb, 2010, 03.08 AM IST
- Now, you don't need proof to claim LTA, conveyance
According to prevailing rules, if claims on LTA and conveyance are not supported by journey bills, they would be taxed. Monitor your financ...
29 Jan, 2009, 12.54 PM IST