@Vijay
You can deposit taxi fare receipts to your employer, but maximum tax exemption would only be available for first class AC train fare only (Lucknow to Jammu) and public bus fare from Jammu to Patnitop. First class AC on way fare would be around Rs 2000 for such route for one person.

@Shivani
Yes, it can be paid on monthly basis.

CAN IT BE PAID on a monthly basis then

@Shivani
This amount can be paid as special allowance or travel allowance with tax deduction.

sir

please help me regarding the following, we have LTA as part of reimbursement , but as per the LTA ruling it is payable twice in a block of 4 years . please tell if an employee has availed of LTA last year how should we pay the amount of LTA this year , can we add it in the special allowance which is not a part of the reimbursement or pls suggest any other way we can do it.

@Vijay
LTA exemption should be taken only with employer. If your claim does not fit into their requirements, it would be rejected and no tax benefit may be provided.
If you are asking about claiming exemption at the time of return filing, there is no column in ITR to claim for LTA exemption. If you do it by reducing taxable income, there would be difference in what has been stated by employer in Form-16 and what you declared. In that case IT office may send you notice and then you would have to prove why exemption was not taken with employer.

Hi Pankaj,

But as co. policy says min. 3 day leave is required, I have taken two days only. So if I am claiming LTA for tax benefit, if I am defaulting on IT rules OR I can claim the same?
Basically I am worrying that if I claim LTA and at later stage I need to pay tax with penalty, just because my co. policy says for min. 3 day leave.

my employer insisted for proof as they said that they can’t go by supreme court ruling for this fiscal yr however they are waiting for govt’s approval.

I wrote to airline and they issued a travel certificate with all details. That’s how I managed to claim LTA.

@Vijay
You can claim for travel done alone to your native city, There is no issue in it. If there is no direct flight, first class AC train fare would be exempted between such route.