What is the limit of LTA a salaried employee can claim in a year . Is it a percentile of the basic or fixed to be availed twice in a block of 4 years.
Limit of LTA
Satishkumar Shriyan
Clarification Sought on Leave Travel Allowance: Is the Limit a Percentage, Fixed Amount, or Based on Expenses? A salaried employee can claim Leave Travel Allowance (LTA) twice within a block of four years. The current block period is from 2010 to 2013. One claim can be for Home Town travel and the other for All India travel. The discussion seeks clarification on whether the LTA limit is a percentage of the basic salary, a fixed amount, or based on actual expenses, but no definitive answer is provided within the replies. (AI Summary)