Comments on: No need to submit LTA proofs to employer

By: Pankaj Batra

Pankaj Batra — Thu, 29 Jul 2010 19:21:11 +0000

@Sanjay
Railways and Air travel both can be reimbursed under LTA rules to a certain limit, Railways to first class AC and Airfare to economy class fare of national carrier (indian airlines)

By: sanjay kumar sharma

sanjay kumar sharma — Thu, 29 Jul 2010 08:09:57 +0000

dear pankaj,
found yuur site pretty informative.would like to ask something.i work in a public sector company.recent wage revision has inluded the leave travel allowance in salary as perks.does income tax act lay down any rule on mode of travel for availing tax concessions eg-rail.ship or air.

By: Pankaj Batra

Pankaj Batra — Tue, 27 Jul 2010 18:27:50 +0000

@Akanksha
You have to fill your employer’s reimbursement forms for LTA claim stating the expense incurred and destination.

By: Hey

Hey — Tue, 27 Jul 2010 11:29:40 +0000

So what is the procedure? whom the employee need to submit the LTA claims and how, How the company will be calculating the tax at the FY year? Some empoyers include LTA as a monthly expense. Can you please throw some light on this?

By: Pankaj Batra

Pankaj Batra — Thu, 22 Jul 2010 10:18:52 +0000

@Vijay
You cannot claim LTA for a trip, of which you were not a part.

By: Vijay

Vijay — Thu, 22 Jul 2010 08:38:11 +0000

Hi Pankaj,

This may be a silly question, but i have to ask it.
i have paid for my wifes travel, twice this year, i have not travelled with her, CAn i show my bank statements and other proofs that i have paid to claim LTA, or do i have to travel also?

By: Pankaj Batra

Pankaj Batra — Fri, 09 Jul 2010 18:25:15 +0000

@Dasgupta
Although travel proofs are no more required to be shown to employer so you can claim LTA without proofs too, but they have to kept in case a query from Income tax department comes.

By: Dasgupta

Dasgupta — Thu, 08 Jul 2010 07:22:54 +0000

Hi
Can you please advise I have lost the boarding pass fpr my travel. However I have the e-ticket for the same. Can I claim LTA for the same?

By: Pankaj Batra

Pankaj Batra — Wed, 07 Jul 2010 19:57:31 +0000

@Kedar
LTA can be claimed as non-taxable 2 times in 4 years block of calender year. But companies do it generally on financial year basis. All amount till march is paid off in March.

By: kedar

kedar — Wed, 07 Jul 2010 12:33:26 +0000

As per my understanding, medical reimbursement is calculated from April-March year basis whereas LTA is calculated from Jan-Dec basis for prorata.
Example – suppose I quit on 1st August, then i should receive prorata LTA for 7 months and Prorata medical for 4 months.

Pls correct if this is correct.
Thanks.