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HOW TO CLAIM LTA
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more tax- Unused LTA utilisation: Take a holiday and travel in India before March 31, 2025, to save income tax; know how to make this plan work
- Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax return
- 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
- Agarwal can save Rs 1.41 lakh income tax on his salary of Rs 44 lakh by rejigging his salary structure and taking these stepsSudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.23 Dec, 2024, 06.30 AM 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
- Forgot to submit LTC cash scheme bills to employer? You may be able to claim tax break in ITRWhat happens if the bills were not submitted to the employer before the March 31 deadline under the LTC Cash Voucher Scheme? As per charter...29 Sep, 2021, 09.31 AM IST
- How to claim LTC Cash Voucher exemption in your income tax returnAs per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption o...10 Sep, 2021, 09.23 AM IST
- Should you opt for the LTC cash voucher scheme? Here's how much tax you will saveHere is a look at how much you stand to gain by opting for the LTC cash voucher. This story will tell you about the rules of availing the L...11 Feb, 2021, 04.24 PM IST
- Tax optimiser: Why IT professional Chaturvedi should replace LTC with NPS in salary packagePune-based IT professional Animesh Chaturvedi pays a high tax because his pay is not tax-friendly. ET Wealth tells him how he can optimise ...17 Nov, 2020, 10.06 AM IST
- Should you spend Rs 3 lakh to get Rs 30,000 LTA income tax sop?Government is offering you a window where you can avoid paying Rs 30,000 without going on a , provided you spend Rs 3 lakh to purchase a ca...13 Oct, 2020, 11.40 AM 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
- Tax Optimizer: Salaried Manoharan can cut tax by 20% using NPS, perksManoharan should start by asking his company to reduce his special allowance and instead give him tax-free perks such as reimbursement of e...08 May, 2017, 06.30 AM IST
- When and how to claim LTA to maximise tax benefitsIf 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 AllowanceET 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
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