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Leave Travel Allowance: Everything Explained

What Is a Leave Travel Allowance?

When Can You Claim Leave Travel Allowance?

Documents Required to Claim LTA

How to Calculate Leave Travel Allowance?

Computing Leave Travel Allowance is simple. The LTA is exempted to a certain limit while assessing income from salaries. The remaining amount is taxable according to the Income tax slab.

Let’s take a brief example to understand.

Suppose Mr. Ashok received an LTA of ₹4,500. He is eligible to claim around ₹3,500 as an exemption against that amount as he spent that in travel. So, the calculation is as follows:

Particulars

Amount

LTA received

₹4,500

Expenses in travel

₹3,500

Exemption limit (Allowable up to the actual expense made or travel allowance paid by employer whichever is lower)

₹3,500

Taxable LTA added to the salary

₹1,000

Things to Know Before Calculating Leave Travel Allowance

Which Expenses Are Exempted under Leave Travel Allowance?

What Are the Deductions Available for Leave Travel Allowance?

What Are the Restrictions on Leave Travel Allowance?

Frequently Asked Questions