TaxTMI 
TaxTMI 
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
30 Mar 2012 
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Leave Travel Allowance entitlement questioned: whether claim limits follow basic-linked, fixed cap, or actual travel costs.
Leave Travel Allowance is claimable against travel costs and may be availed twice in a block of four years, with common distinctions between Home Town LTC and All India LTC. The central question posed is whether the yearly claimable amount is linked to a percentage of basic salary, limited by a fixed annual cap, or confined to actual travel expenditure incurred. (AI Summary)
Leave Travel Allowance is claimable against travel costs and may be availed twice in a block of four years, with common distinctions between Home Town LTC and All India LTC. The central question posed is whether the yearly claimable amount is linked to a percentage of basic salary, limited by a fixed annual cap, or confined to actual travel expenditure incurred. (AI Summary)