LTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of the Income Tax Act. LTA tax exemption cannot be claimed ...

Mumbai: As tax filing season for FY 2024-25 begins, salaried employees must deal with various documents and deadlines. But ...

LTA can be claimed for two out of every four years in a specified block. Alok Agrawal, Partner at Deloitte India, notes, “The current block for LTA claims is 2022 to 2025.” ...

For example, Manish travelled only once during the block 2018-2021 and could claim LTA only once. During the block 2022-2025, he can carry over and claim LTA for the previous block of 2018-21 in 2022.