Leave travel allowance
In case if the assesse travel two trips in the same year of the block period.. Is it possible to claim LTA
If I'm not wrong present block period is 2018-21
If the expenses are in different calender year is it possible to claim LTA???
LTA exemption is available for only two journeys performed in a block of four calendar years. For claiming LTA, it is a calendar year and not financial year. In case an employee has not availed exemption with respect to one or two journeys in any of the block of 4 years, he is allowed to carryover such exemption to the next block provided he avails this benefit,in the first calendar year of immediately succeeding block. So if expenses are in different calendar year, LTA can be claimed it is within the restriction of block and carry forward....... So 2018-21 block , if there is any eligible LTA carry forward available - one trip in 2018 (carry forward) and two trips in 2019,2020 & 2021