Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax return
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 for foreign travel.
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
Eligible employees who have an holiday on March 31, 2025 on account of Eid al-Fitr can make use of their unused LTA to plan a ...
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ITR filing: How to claim leave travel allowance without Form 16
Keep proper documentation such as travel tickets, boarding passes, and payment receipts, as LTA claims are subject to ...
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Submit your Leave Travel Allowance claim before this date to save tax, check the deadline
Leave Travel Allowance (LTA) allows salaried employees to claim tax exemptions on travel expenses within India. LTA can be claimed for a maximum of two journeys within a four-year block.