ibm leave travel allowance

IBM Benefits

.css-1gp742o{color:rgb(27, 79, 114);} insurance, health, & wellness.

Short-term counseling for a variety of life events and everyday challenges including Work Stress; Coping with Change; Family/Parenting Issues; Grief or Bereavement; Anxiety or Depression; and Communicating Effectively.

IBM offers two types of dental coverage administered by MetLife.

Short-Term Disability Income Plan (up to 26 weeks) and Long-Term Disability Plan (3 coverage options).

One times your annual eligible pay, up to a maximum of $1 million. The IBM GLI plan includes a feature that allows terminally ill employees to have access to twenty-five percent (25%) to eighty percent (80%) of their benefits (up to $500,000).

IBM offers two options for vision care: the IBM Vision Plan, which provides benefits for eye exams and eyewear, and the free EyeMed Vision Discount Plan, which helps you save money on eyewear purchases.

.css-p41zc5{color:RGB(74, 35, 90);} Home

IBM pays 100% of eligible expenses related to the adoption of a minor child/ children or the attempts to have a child / children through surrogacy, up to a lifetime maximum of $20,000 per family.

A hybrid remote-work model for 80% of employees post-pandemic. 10% to 20% of employees could potentially stay fully remote.

Unlimited leave with differential pay

.css-8c3h44{color:#18693a;} Financial & Retirement

Allows contributions up to 10% of base salary. 15% discount on purchase price of stock

100% match on the first 5% of base salary Eligible employees have at least three ways to save: before-tax, after-tax, or through a Roth 401(k) option – or all three. After 1 year of service IBM contributes 1% to your account regardless of your savings levels.

.css-raw3mx{color:RGB(120, 39, 32);} Perks & Discounts

SoFi refinancing is available to IBMers, their spouses or domestic partners, children, grandchildren and other family members and friends at a 0.25% discount.

Transportation

Save up to a monthly amount of $270 for transit and $270 for parking by paying with pre-tax income.

.css-qj37aa{color:RGB(65, 73, 73);} Other

Inpatient and outpatient treatment for emotional and psychological problems, substance abuse and related conditions.

Up to five time’s annual compensation ($50,000 minimum).

A comprehensive program providing financial education and planning designed to help U.S. IBMers ‘get smart’ about personal finance, is offered at no cost to you.

Up to 5 days

Awards for colleges or universities range from $2,000 to $8,000 per year. The amount for military academies is fixed as a one-time award of $2,000

Up to a lifetime maximum of $50,000

Up to $5,000 for every successful referral who is hired by IBM.

IBM Perks & Benefits

Featured Jobs

Related Companies

ibm leave travel allowance

  • See all companies ➜

Other Resources

  • End of Year Pay Report
  • Calculate Total Comp

Already Swamped at Work?

Offload Your Tax Worries to Us ?

AI Summary to Minimize your effort

Leave Travel Allowance (LTA) - Exemption Limit, Rules, How to Claim, Eligibility & Latest Updates

Updated on : May 10th, 2024

The Income-tax Act, 1961 offers salaried individuals several tax exemptions, beyond deductions like LIC premiums and housing loan interest. While deductions reduce your total taxable income, exemptions exclude specific types of income from being taxed altogether. This allows employers to design an employee's Cost to Company (CTC) package in a tax-efficient manner.

One such exemption available to the salaried class under the law and widely used by employers is Leave Travel Allowance (LTA)/Leave Travel Concession (LTC). LTA exemption is also available for LTA received from former employer w.r.t travel after the retirement of service or termination of service. LTA can be claimed for any two years in a block of 4 years . The current block year for claiming LTA is 2022 to 2025.

Note: The tax exemption of leave travel allowance is not available in case you choose the new tax regime .

What is Leave Travel Allowance (LTA)?

Leave Travel Allowance/Leave Travel Concession is a type of allowance given by an employer to their employee for travelling to any place in India: either on leave, after retirement or after the termination of his service. Though it sounds simple, many factors need to be kept in mind before you plan to claim an LTA exemption. Income tax provision has laid down rules for claiming exemption of LTA which are provided below.

LTA exemption Section 10(5)

Note: The red arrow shows the lower of the two amounts will be exempted. For instance, if you travel by air, the exemption amount will be either your actual travel costs or the cost of an economy class ticket, whichever is lower. The journey should be taken through the shortest route to the destination. 

Who Can Claim LTA?

Only individuals can claim LTA for travel costs incurred for themselves and their family (Spouse, children, wholly or mainly dependent siblings, parents)

Conditions for Claiming LTA

Let us understand the conditions/requirements for claiming the exemption:

  • Actual journey is a must to claim the exemption
  • Only domestic travel is considered for exemption, i.e., travel within India. No international travel is covered under LTA/LTC
  • The exemption for travel is available for the employee alone or with his family, where ‘family’ includes the employee’s spouse, children and wholly or mainly dependent parents, brothers, and sisters of the employee. 
  • Further, such an exemption is not available for more than two children of an employee born after 1 October 1998. Children born before 1 October 1998 do not have any restrictions. Further, in cases of multiple births on a second occasion after having one child is also not affected by this restriction.

Amount of LTA/LTC Exemption

The exemption is available only on the actual travel costs i.e., the air, rail or bus fare incurred by the employee. No expenses such as local conveyance, sightseeing, hotel accommodation, food, etc., are eligible for this exemption. The exemption is also limited to LTA provided by the employer.

For example, if LTA granted by the employer is Rs 30,000, and the actual travel cost incurred by the employee is Rs 20,000, then only Rs 20,000 will be available as an exemption and the balance of Rs 10,000 would be included in taxable salary income.

Exemption w.r.t Various Modes of Transport

Can lta exemption be claimed on every vacation.

No, an LTA exemption is available for only  two journeys performed in a block of four calendar years .

A block year is different from a financial year and is decided by the Government for LTA exemption purposes. It comprises 4 years each. The very first 4-year block commenced in 1986. The list of block years is 1986-1989, 1990-93, 1994-97, 1998-2001, 2002-05, 2006-09, 2010-13 and so on. The block applicable for the current period is  2022-25. The previous block was the calendar year 2018-21.

Carryover of Unclaimed LTA/LTC

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 the immediately succeeding block. 

Consider the below example for a better understanding:

• Where carry over exemption is claimed in the first calendar year of the immediately succeeding block

• Where carry over exemption is not claimed in the first calendar year of the immediately succeeding block

Procedure to Claim LTA

The procedure to claim LTA is generally employer specific. Every employer announces the due date within which LTA can be claimed by the employees and may require employees to submit proof of travel such as tickets, boarding pass, invoice provided by travel agent etc., along with the mandatory declaration. Though it is not mandatory for employers to collect proof of travel, it is always advisable for employees to keep copies for his/her records and also to submit them to the employer based on the LTA policy of the company to tax authorities on demand.

Multi-Destination Journey

Income tax provision provides exemption w.r.t travel cost incurred on leave to any place in India. Conditions pertaining to the mode of transport also refer to the place of ‘origin’ to the place of ‘destination’ and the route which must be the shortest available route.

Hence, if an employee travels to different places in a single vacation, the exemption can only be availed for the travel cost eligible from the place of origin to the farthest place in the vacation by the shortest possible route.

LTA Exemption for Vacation on Holidays

Many organisations that go strictly by the wordings of the income tax provision are allowing employees to claim LTA only if the employee applies for leaves and travel during that time. Such organisations may reject LTA claims for travel on official holidays or weekends. 

Also read about: Basic Salary UAN Login Last Date to File ITR   Section 115BAC of Income Tax Act   Income Tax Deductions List How to e verify ITR   Annual Information Statement (AIS) Section 80D   Home Loan Tax Benefit Budget 2023 Highlights House Rent Allowance (HRA)

Frequently Asked Questions

The amount of LTA/LTC exemption depends on the LTA/LTC component in your compensation package or CTC. You can furnish proof of travel within the block period and claim up to the amount prescribed in your CTC.

The latest block period of four years is from 1 January 2022 until 31 December 2025.

You can claim LTA/LTC exemption only for one trip in one calendar year.

You can claim LTA/LTC benefit for the travel costs of yourself and your family consisting of your spouse, children, dependent parents, brothers, and sisters of the employee.

No, LTC is taxable in case of new tax regime and exempted if chosen to pay tax under old tax regime by fulfilling the required criteria.

Exemption will be available in respect of 2 journeys performed in a block of 4 calendar years.

Yes, you can avail LTC in current block (2022-2025), if you have not availed LTC in previous block. (2018-2021). Where such travel concession or assistance is not availed by the individual during any block of 4 calendar years, one such un-availed LTC will be carried forward to the immediately succeeding block of 4 calendar years and will be eligible for exemption. 

Below example gives you clear understanding :

Example : An employee does not avail any LTC for the block 2018-21. He is allowed to carry forward maximum one un-availed LTC to be used in the succeeding block of 2022-25. Accordingly, if he avails LTC in April, 2023, the same will be treated as having availed in respect of the block 2018-2021. Therefore, he will be eligible for exemption in respect of that journey and two more journeys can be further availed in respect of the block of 2022-25.

Illustration : Mr. D went on a holiday on 25.12.2023 to Delhi with his wife and three children (one son – age 5 years; twin daughters – age 3 years). They went by flight (economy class) and the total cost of tickets reimbursed by his employer was 60,000 (45,000 for adults and 15,000 for the three minor children). Compute the amount of LTC exempt if Mr. D chose to pay taxes under old regime.

Solution :  Since the son’s age is more than the twin daughters, Mr. D can avail exemption for all his three children. The restriction of two children is not applicable to multiple births after one child. The holiday being in India and the journey being performed by air (economy class), the entire reimbursement met by the employer is fully exempt in the hands of Mr. D, since he chose to pay taxes under the old regime.

In the above illustration, will there be any difference if among his three children the twins were 5 years old and the son 3 years old? 

Since the twins’ age is more than the son, Mr. D cannot avail for exemption for all his three children. LTC exemption can be availed in respect of only two children. 

Taxable LTC = 15,000 × 1/3 = 5,000. 

LTC exempt would be only 55,000 (i.e. 60,000 – 5,000).

About the Author

author-img

Ektha Surana

Multitasking between pouring myself coffees and poring over the ever-changing tax laws. Here, I've authored 100+ blogs on income tax and simplified complex income tax topics like the intimidating crypto tax rules, old vs new tax regime debate, changes in debt funds taxation, budget analysis and more. Some combinations I like- tax and content, finance & startups, technology & psychology, fitness & neuroscience. Read more

Public Discussion

Get involved!

Share your thoughts!

Quick Summary

Was this summary helpful.

Facebook

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company Policy Terms of use

ISO

Data Center

SSL

SSL Certified Site

128-bit encryption

LTA (Leave Travel Allowance): Meaning, Rules, Tax Exemptions and Conditions to claim

author portrait

Hiral Vakil

Travelling offers a wide range of benefits. Taking time away from daily routine can reduce stress and improve mental and emotional well-being. However, vacations can be expensive. Income Tax provides various exemptions on such expenses to salaried individuals. One such exemption available is LTA i.e. Leave Travel Allowance. LTA is an allowance employers give to their staff for vacations in India.

LTA: Meaning

Conditions to claim lta exemption, leave travel exemption: eligibility, how to claim exemption on leave travel allowance.

Leave Travel Allowance is an allowance employers give to their employees as a part of CTC for travelling alone or with family to any place in India : 

  • either on leave or
  • after retirement from service or
  • after termination of service.

Income tax has laid down rules for claiming exemption of LTA.

ibm leave travel allowance

Section 10(5) of the Income Tax Act along with Rule 2B has prescribed the conditions and limit of exempt leave travel allowance.

  • Leave travel allowance should be a part of the employee’s salary structure.
  • An exemption is available for actual expenses incurred by the employee including their family for domestic travel only.
  • Spouse and children
  • Parents, brothers, and sisters who are wholly or mostly dependent on the employee.
  • Further, this exemption can be claimed for a maximum of two children born after 01/10/1998. For children born prior to this date, there is no restriction.
  • It covers only the cost of travel for the trip (travel by rail, air or any other public transport). It does not cover the cost of hotel accommodation, food, etc.
  • An exemption is available only for two trips in a block of four calendar years . The current block for leave travel is from 2022 to 2025.
  • If an exemption is not availed during the block period, it can be carried over to the next block and used in the first year of the next block.

ibm leave travel allowance

Let’s understand with an example:

Let’s say, an employee does not avail Leave Travel allowance for the block of 2018-2021. He is allowed to carry forward a maximum of one unavailed LTA to be used in the succeeding block of 2022-2025. Accordingly, if he avails LTA in April 2022, the same will be considered for the block of 2018-2021. Therefore, he will be eligible for exemption in respect of that journey and two more journeys can be further availed in respect of the block 2022-2025.

The LTA exemption is available only on the actual travel costs. Expenses such as sightseeing, hotel accommodation, food, etc are not eligible for this exemption. It is also limited to the LTA provided by the employer. For example: If the actual expense incurred is INR 50,000 but LTA as part of Salary is INR 35,000 then the maximum exemption available would be INR 35,000 only.

Exemption when various modes of transport are used for travel

Employees can claim Leave Travel Allowance exemption by submitting details in Form 12BB . They should submit the proof in support of their claim. Further employees can submit boarding passes, air tickets, train tickets, invoices from travel agents, etc, as documentary proof to their employers.

ibm leave travel allowance

No, LTA can be claimed only for domestic travel. You can only claim LTA if the Employer provides it as part of your salary.

If an employee travels to different locations on a single vacation then the exemption available will be for the travel cost eligible from the place of origin to the farthest location by the shortest route possible.

It depends on the organisation’s policies as many companies allow LTA exemption only if employees take specific leave for vacation and not on official holidays or weekends.

No, You can claim LTA exemption only twice in a block of 4 calendar years. The current block of four years is 2022-2025.

Employees are advised to maintain proof such as flight tickets, invoices from travel agents, passes, etc. as they have to be submitted to the employer.

Employees can know the exempt Leave Travel Allowance amount from Form 16 issued by the employer at the end of the financial year. It is exempt u/s 10(5) of the Income Tax Act.

Since Leave Travel Allowance is a part of salary income, an employee can file ITR-1 while claiming exempt LTA. However, salaried need to file ITR-2 if their income is more than Rs. 50,00,000.

Got Questions? Ask Away!

Hey @sushil_verma

There are a wide range of deductions that you can claim. Apart from Section 80C tax deductions, you could claim deductions up to INR 25,000 (INR 50,000 for Senior Citizens ) buying Mediclaim u/s 80D. You can claim a deduction of INR 50,000 on home loan interest under Section 80EE.

Hey @Dia_malhotra , there are many deductions that you can avail of. Your salary package may include different allowances like House Rent Allowance (HRA) , conveyance , transport allowance, medical reimbursement , etc. Additionally, some of these allowances are exempt up to a certain limit under section 10 of the Income Tax Act.

  • Medical allowance is exempt up to INR 15,000 on a reimbursement basis.
  • Children education allowance is exempt up to Rs. 200 per child per month up to a maximum of two children.
  • Conveyance allowance is exempt up to a maximum of Rs. 1600 per month.

Tax on employment and entertainment allowance will also be allowed as a deduction from the salary income. Employment tax is deducted from your salary by your employer and then it is deposited to the state government.

The benefit Section 80EEB can be claimed by individuals only. An individual taxpayer can claim interest on loan of an electric vehicle of up to INR 1.5 lacs u/s 80EEB. However, if the electric vehicle is used for the purpose of business, the vehicle should be reported as an asset, loan should be reported as a liability and the interest on loan can be claimed as a business expense irrespective of the amount. (We have updated the article with the changes).

Thus, if you have a proprietorship business, you should claim interest amount as a business expense only if the vehicle is used for business purpose. However, if it is used for personal purpose, you can claim deduction of interest u/s 80EEB in your ITR since you would be reporting both personal and business income in the ITR (under your PAN).

As per the Income Tax Act, the deduction under Section 80EEB is applicable from 1st April 2020 i.e. FY 2020-21.

:slight_smile:

No issues. You’re welcome!

Hey @shindeonkar95

In case of capital gain income (LTCG/STCG), transfer expenses are allowed as deduction, except STT.

However, in case of business income (F&O, intraday), all expenses incurred for the business (including STT) are eligible to claim deduction in ITR.

Hope, it helps!

Is it possible to claim deductions under S. 80CCF for Infra bonds bought in the secondary market and held to maturity?

There were a number of 10 year infra bonds issued in the 2010- 2013 period, which will start maturing soon. These are all listed on the exchanges (although hardly any liquidity or transactions in them). If I were to buy some of these bonds in the open markets and hold them in my demat to maturity (<3 years), is it possible to claim tax deductions (upto 20k per year) under 80CCF for buying?

I couldn’t find anything on this. Any help is appreciated.

Hello @Veejayy ,

Yes you can claim deduction under 80CCF for investment made in specified infrastructure and other tax saving bonds bought in the secondary market and held to maturity.

Deduction under Section 80CCF can be availed only through investment in certain tax saving bonds, issued by banks or corporations after gaining permission from the government which shall be restricted upto 10,000 per year.

These bonds are generally long term bonds, having tenure of more than 5 years with a lock in period of 5 years in most of the cases. These bonds can be sold after the lock in period!

Also, interest earned on these bonds will be taxable.

Hope this helps!

Hi, I need to file my income tax for FY21, I am using Quicko platform for filing, I wanted to confirm if the ELSS investment amount for the FY21 is to be added in the section 80C, since I already the amount of Rs30,072 , should I add my ELSS amount to this existing amount and submit the total

Hey @Sheirsh_Saxena , yes, the investment amount needs to be added under 80C.

Continue the conversation on TaxQ&A

89 more replies

Participants

Avatar for Yesha

Last Updated on 7 months by Shreya Sharma

Would you like to view this website in another language?

Travel allowance: A Comprehensive Guide for Employees

  • Written by: Rinaily Bonifacio
  • Last updated: 11 March 2024

employee traveling, employee travel allowance

This article will explain travel allowance, when and how you can use it, and tips for getting the most out of your expenses.

Table of contents

What is travel allowance?

How does business travel allowance usually cover, what is a flat travel allowance, what is the daily allowance, easy ways on how companies manage their procedures for business travel allowances, effective communication, how to manage business travel allowances.

Travel allowance is a type of compensation employers provide to cover employee travel expenses incurred when traveling for business purposes. It helps with employee travel costs, such as transportation, lodging, meals, and other incidentals while on the job. Depending on the company policy, travel allowance may be given in cash or as reimbursed expenses.

For example, some companies provide a fixed daily amount for meals and lodging that employees can use during their travels. Other companies cover expenses incurred by employees when they submit receipts after their trip has ended. This is known as per diem allowance or transport allowance.

Business travel allowance typically covers the cost of airfare, hotel accommodations, and meals. It may also include per diem allowances such as ground transportation, parking, and incidentals. The exact coverage will vary depending on the company's policies and the type of business trip.

A flat travel allowance is a set amount of money an employee provides for travel costs. The employee is responsible for managing the funds and ensuring they are used for the intended purpose. This allowance is typically used for short trips or employees who travel infrequently.

Employee scheduling and Time-tracking software!

Employee scheduling and Time-tracking software!

  • Easy Employee scheduling
  • Clear time-tracking
  • Simple absence management

A daily allowance, also known as a per diem, is a set amount of money provided to employees for money incurred daily while traveling for business purposes. It typically covers things such as

  • Transportation
  • And incidentals.

The allowance amount is usually based on the location and duration of the business trip and is intended to cover living costs for that specific location.

Daily allowances are provided in addition to other travel compensation types, such as lodging or airfare reimbursement. The amount and coverage of a daily budget will vary depending on the company's policies and the nature of the business travel.

Companies can manage their procedures for business travel allowances by establishing clear guidelines and policies. This should include information on who is eligible for the assistance, what travel costs are covered, and how to submit expense reports. Additionally, companies can use travel management software to track and approve payments and ensure company policy compliance.

It is also essential for companies to communicate effectively with employees about travel allowance policies so that they are aware of their rights and obligations. This can include providing training and support and regular updates on any policy changes.

By managing their procedures for business travel allowances in a clear and organized manner, companies can ensure that their employees have the resources they need to complete their business trips while also managing the company's expenses.

businessman-wearing-suit-standing-at-train-station-2022-03-04-02-14-25-utc_50

Another critical aspect of managing business travel allowances is to keep an eye on the per diem rates and lodging expenses. It is essential to ensure that these expenses are within the budget and are in line with the rates established by the General Services Administration (GSA). Companies should also consider implementing a system for meal allowance and car hire reimbursement, as well as for laundry services, parking fees, and other miscellaneous expenses.

To manage business travel allowances effectively, companies should establish clear guidelines for employees traveling within the continental United States and those traveling to foreign countries. This includes setting a budget for each travel and providing employees with the necessary forms for expense reporting and reimbursement.

In addition, companies can use data analysis to identify trends and patterns in travel expenses. This can help them make more informed decisions about travel policies and budgeting and potentially save money on future trips.

It's also important to consider the needs of business travelers and their families and to establish policies that support them. For example, companies may offer additional allowances for family members traveling with a business traveler or for international travel.

Overall, an efficient reimbursement system and clear travel policies can help ensure that employees are promptly reimbursed for their expenses and that the company's expenses are tracked and managed effectively. This can be a great way to manage business travel allowances and keep costs under control.

Rinaily Bonifacio

Written by:

Rinaily Bonifacio

Rinaily is a renowned expert in the field of human resources with years of industry experience. With a passion for writing high-quality HR content, Rinaily brings a unique perspective to the challenges and opportunities of the modern workplace. As an experienced HR professional and content writer, She has contributed to leading publications in the field of HR.

Please note that the information on our website is intended for general informational purposes and not as binding advice. The information on our website cannot be considered a substitute for legal and binding advice for any specific situation. While we strive to provide up-to-date and accurate information, we do not guarantee the accuracy, completeness and timeliness of the information on our website for any purpose. We are not liable for any damage or loss arising from the use of the information on our website.

Ready to try Shiftbase for free?

  • Whistleblowing Policy
  • First Aid in the Workplace
  • Cell Phone Policy at Work
  • Inclement Weather Policy
  • Employee Non-disclosure Agreement

restaurant manager working on restaurant schedule on laptop

ibm leave travel allowance

Stay informed on all things payroll

Get exclusive newsletters delivered straight to your inbox.

Please enter a valid email address.

Please enter your name.

ibm leave travel allowance

Please enter a correct captcha.

By clicking the "Subscribe" button, you agree to our Privacy Policy .

Thank you for subscribing!

We have sent a confirmation link to your email address.

Please check your inbox and confirm your subscription.

  • Payroll administration

What is a flexible benefit plan and how does it work?

As companies adapt to the ever-changing landscape of modern business, employers are constantly redesigning their salary structures. Employers must be mindful of the fact that every employee's needs are different, and should offer customizable perks and benefits as part of their employees' cost to company (CTC). One such perk is a flexible benefit plan (FBP), which is a great tool for personalizing an individual's salary structure.

A well-thought-out FBP empowers your employees to better manage their expenses. This increases both recruitment and retention rates for your organisation. Read more to understand how it works, and how you can establish the most effective FBP for your company.

What is flexible benefit plan in salary?

A flexible benefit plan is a scheme that helps employees structure and modify their CTC according to their financial needs. Many companies offer allowances for food, travel, and telephone and internet bills as part of their flexible benefit plans. Typically, the employer will set a maximum limit for each of these components.

Employees can customize their FBP by choosing which allowances they want to utilise and how much they want to spend under each. Through an FBP, employees in India can avail non-taxable benefits, such as medical expenses, conveyance allowance, leave travel allowance, food allowance, children's education allowance, and even house rent allowance.

Understanding FBP policies

Usually, employers and HR professionals decide on a flexible benefit package, and maximum allowance limits for each component. Companies declare their FBP policies to their employees at the start of the financial year, or at the time employees join the company. Following are the predefined policies according to which FBPs are structured:

Quantity-based policy:  The employer decides on the base value of the components, and the employees determine the quantities they require. Let's say an organisation offers telephone bills as part of a quantity-based FBP with a base spending value of Rs. 1,000. An employee uses two telephones and wants both bills reimbursed. The employee would declare two quantities of the component, which amounts to Rs. 2,000 (1,000 x 2).

Opt-in policy: Employers define their FBP components as "opt-ins" and set a fixed amount as FBP pay. Employees can only receive fixed-pay compensation for their claims, and cannot modify the monetary benefits they receive for a component.

Mutual exclusion:  Under this policy, the employer declares components as mutually exclusive. Let's assume that a company provides travel allowance and vehicle allowance as their components, and defines them as mutually exclusive. Employees will have the option to select only one of the two components.

Dependant policy: Here, the employer defines certain components as dependant on others. Consider an organisation that declares fuel allowance and vehicle maintenance allowance as dependant components. If an employee raises a claim for fuel allowance, they must also submit claims for the dependent FBP component—vehicle maintenance allowance.

Get hand-picked resources from Academy

Different types of flexible benefit plans.

There are several types of FBP components you can offer depending on your organisation and its policies.

Leave travel allowance:  Many companies these days encourage their hard-working employees to take a break and go on vacation. Some companies also offer monetary benefits, like leave travel allowance, as part of their flexi benefit plan to motivate their workforce. These can be availed twice in four block years. Block years are decided by the central government. Employees can only use this type of allowance to travel within India.

Food and beverages cost: Food and non-alcoholic beverages provided to employees by employers during working hours are exempted from income tax calculations. The income tax department also allows employers to provide non-taxable food vouchers, like Sodexo meal coupons, to their employees.

House rent allowance: Some organisations provide house rent allowance (HRA) as an FBP component. Employees who opt for HRA will be paid monthly along with their basic salary.

Telephone and internet bills:  Communications that happen within the teams are of utmost importance in running a business. Understanding this, most companies provide an allowance based on employees' postpaid mobile and internet bills. Employees can submit relevant receipts at the end of the year to have their bills reimbursed.

Conveyance allowance:  To show that they value the efforts of employees who commute long distances for work, many organisations provide fuel reimbursements under their conveyance policies. A handful of companies in India also provide senior employees with vehicles that can be used for official purposes.

How FBP works in CTC

Flexible benefit plans are an integral part of CTC. But do you know how an employee's CTC is structured in India?

CTC is simply the cost a company incurs in a year by employing a given individual. It includes gross salary and the cost of all benefits. CTC can be broadly broken down as a sum of basic salary, allowances, and deductions.

salary-structure-in-India

*Organisations can declare their CTC allowances, like HRA, conveyance allowance, travel allowance, medical, and children's education allowance as FBP components, enabling employees to choose the allowances they need.

To understand this better, assume that "Company A" offers HRA and conveyance allowance as part of their FBP. HRA can be claimed by employees living in rented apartments, while conveyance allowance can be claimed by those who commute long distances to work.

Benefits of FBP

For employers.

Increased retention and recruitment rates: In a  2019 study, employees around the world said that benefits customised to their needs are one of the top five drivers of happiness at work. When you have a streamlined flexi benefit plan in place, you emphasize that you care about your employees' financial wellbeing. This helps in increasing retention and recruitment rates.

Better productivity: When their financial needs are met, employees often feel they have a healthy atmosphere to work in. This results in an increase in productivity for your firm.

For employees

Tax savings: Employees can reduce their tax burden by declaring FBP allowance with relevant receipts. FBP components, like food allowance and travel allowance, are non-taxable. Restructuring employees' CTC with FBP components can help them limit their tax rate without affecting their take-home salary.

Effective financial management: When employees are allowed to claim a certain amount of expense, other than their basic salary, they are often motivated to budget their expenditure for the month or even for a year accordingly.

Challenges involved in framing FBP policies

Before structuring an FBP policy for your organisation, it is crucial to be aware of the immense amount of administrative work the process involves.

If you still rely on legacy payroll methods and don't have employee self-service portals, streamlining FBP declarations and approvals will be a tedious process. The process demands seamless collaboration between your HR team and employees to ensure timely payouts.

If you have not automated payroll computations within your company, you will also face the challenge of calculating allowances manually.

You can overcome these challenges and greatly reduce paperwork by switching to cloud payroll software built to make things easier for business owners and payroll administrators.

How Zoho Payroll simplifies the FBP process

Zoho Payroll is smart cloud payroll software designed to automate all payroll activities.

Using this highly customisable software, you can add and edit different salary components as earnings. With just a few clicks, you can include an earning as an FBP component and create a customized flexible benefit plan for your organisation. You can even restrict employees from overriding the maximum FBP limit.

Payroll also comes with a dedicated employee self-service portal (ESS), where employees can opt for an FBP of their choice. Through ESS, individuals can view the total allocated amount under each component and submit the required monthly amount.

In a nutshell

A flexible benefit plan is a part of an employee's CTC, which empowers individuals to modify their salary structure. It provides much-needed perks to both employers and employees. Employers can put together a flexi plan and set a maximum spend limit to each of the components. How do you do that? By following any of the four established FBP policies and deciding upon the components. The four policies are:

Quantity-based policy

Opt-in policy

Mutual exclusion

Dependant policy

Business owners can offer various allowances as part of their flexi plan and reduce the tax burden on their employees. This way, organisations can show they care about their employees' welfare and create a better workplace atmosphere.

Implement a flexible benefit plan for your organisation now using Zoho Payroll , and foster a healthy employer-employee relationship.

Zoho-Payroll-payroll-software-for-India

Leave a Reply

Your email address will not be published. Required fields are marked

Payroll software thoughtfully crafted for every business

Aerial view of commercial jets

Today’s travel and transportation organizations have a tall order. While aiming to provide a seamless customer experience, they must also drive short-term recovery of revenue, improve operations efficiency and achieve business agility. All this while facing challenges like staff shortages, increased fuel prices and business travel’s uncertain future.     In order to succeed, organizations need a partner that brings together leading technology and deep travel and transportation industry expertise. To drive profitability and long-term growth, this partnership should integrate the complexities of technology and the ever-evolving habits of people. IBM industry solutions works alongside companies like Apple , AWS and Amadeus  (links reside outside ibm.com) to help travel and transportation organizations transform business.

Join travel and transportation leaders 26-28 September in Lisbon, Portugal to discuss passenger experience, revenue growth, operations efficiency and innovation.

Use AI and machine learning solutions, like IBM Personalized Pricing and Offers to stimulate demand and drive short-term revenue recovery.

With AI technology, make better decisions on ops resource deployment, resolve ITOps faster and empower staff to drive operational KPIs and reduce costs.

Cloud transformation and modernization changes thinking, working and partnering, allowing organizations to innovate rapidly and at scale, increase speed to market and leverage new technologies to drive long-term growth.

AI-based predictive maintenance solutions go beyond time-scheduled maintenance to condition-based action. They can predict the likelihood of future failures, improve asset reliability and enable cost reduction.

Cloud and AI-based supply chain management solutions enables logistics companies to keep the supply chain moving smoothly.

How the airline improved flight operations efficiency and reduced delay-related costs with help from IBM and Apple

The quick launch of a new web check-in solutions provide a frictionless experience

An AI-based email campaign offering personalized flight recommendation boosts bookings by 34%

A switch to hybrid cloud architecture drives digital presence and enhances customer and employee experience

With updated, sustainable asset management, trains keep passengers moving safely, reliably and comfortably

By working to solve digital transformation issues across organizations, airlines can more confidently improve operational efficiency, profitability and customer satisfaction.

With cloud modernization, airlines can usher in a new era of efficiency, create dynamic customer experiences and access valuable and actionable data insights.

An integrated digital strategy is key to building unique opportunities in the not-so-distant future.

Simplifying the supply chain can improve the customer experience and deliver a competitive advantage.

Travel companies have realized their future success depends on their ability to work effectively as members of the digital travel ecosystem.

Amadeus sat down with Alaska Airlines and IBM to discuss the retail transformation of airlines.

Learn how airlines can make their next move with confidence in the new era of opportunity.

Let's create an approach that turns ideas into outcomes

img

Thank you for signing up!

Leave Travel Allowance Exemption: A Comprehensive Guide

What is leave travel allowance, conditions to claim lta exemption, eligibility for lta exemption, quantum of lta exemption, lta exemption rules for various modes of transport, unclaimed lta, lta exemption in case of job change, lta for multi-destination travel, lta for vacations on holidays, expenses included under lta, procedure to claim lta, frequently asked questions.

Leave Travel Allowance (LTA) is a popular tax benefit provided by employers to their employees in India. It allows employees to save taxes on travel expenses incurred during their vacations within the country. In this comprehensive guide, we will delve deeper into the concept of LTA, how it works, and the rules and regulations surrounding it. Whether you're an employee looking to understand the benefits of LTA or an employer seeking to implement it, this guide will provide you with all the information you need. So, let's begin!

Leave Travel Allowance (LTA) is a tax-free allowance provided by employers as part of their employees' salary component. It allows employees to claim tax exemption on the costs incurred for leisure travel within India. Under LTA, employees are permitted to take a leave from work and travel on vacation, with the costs incurred considered as a tax-free expense. The exemption is allowed twice in a block of four years, subject to certain conditions.

To avail of the LTA tax benefit, employees must submit the bills and travel documents to their employer as proof of travel expenses. The exemption is allowed only for the expenses incurred during the travel period and is subject to specific conditions.

To claim an exemption for LTA, employees must fulfill the following conditions:

  • The employee must actually travel to be eligible for LTA. Claiming LTA without actually traveling is not permitted.
  • The vacation should be taken only within India.
  • Costs incurred for family members who travel with the employee would also be allowed as an exemption. The family members include spouses, children, dependent parents, and dependent siblings.
  • LTA components must be included in the salary structure of the employee.
  • The exemption can be claimed for up to two children born on or after 1st October 1998. There is no restriction for children born before this date or in cases of multiple births on a second occasion after having one child.
  • LTA exemption is allowed for up to two journeys taken within a block of four calendar years. The current block year for claiming LTA started in 2022 and will end in 2025. Unused LTA entitlement for the current block year is forfeited if not claimed, and the employee will need to wait for the next block year to claim LTA again.
  • LTA can be claimed for travel by any mode of transport, including air, train, or road.
  • No LTA is allowed for hotel accommodation and food.

The eligibility for LTA exemption depends on the actual cost incurred on travel. Employees can claim LTA exemption for the expense incurred on booking a journey from their place of origin to the place of travel and back. The journey should be undertaken through the shortest possible route by air, rail, or bus. Only the cost of tickets booked for travel is allowed as an exemption. Costs incurred on conveyance, sightseeing, accommodation, shopping, and food are not allowed. If the employer offers a lower LTA allowance than the actual travel cost, the exemption is limited to the LTA allowed by the employer.

For example, if the employer allows an LTA of INR 25,000 and the employee incurs travel costs of INR 35,000, the LTA exemption can be claimed only for INR 25,000. Conversely, if the employee incurs a cost of INR 20,000, the exemption allowed would be INR 20,000.

The quantum of LTA exemption depends on the actual cost incurred on travel. The LTA exemption is allowed for the expense incurred on booking a journey from the employee's place of origin to the place of travel and back, through the shortest possible route via air, rail, or bus. Only the cost of tickets booked for travel is allowed as an exemption. Costs incurred on conveyance, sightseeing, accommodation, shopping, and food are not allowed.

The actual travel costs incurred for LTA exemption depend on the mode of transport. The rules for determining the exempted travel costs for various modes of transport are as follows:

  • When the destination is not connected directly by a recognized public transport, the exempted travel costs are considered to be the fare of AC first-class rail tickets from the origin city to the destination city, assuming the journey is made by rail and the shortest route is taken.
  • If the destination is connected by all recognized public transport other than trains, the exempted cost would be the fare of first class or deluxe class on such transport for the journey taken using the shortest route.
  • If the destination is connected by trains, the exempted cost would be the fare of an AC first-class train ticket for the shortest route, whether the journey has been taken by train or not.
  • If the employee travels by air, the exempted cost would be the fare for economy class of a national carrier using the shortest route.

LTA exemption is available for two journeys undertaken in a block of four years. However, if an employee does not take two journeys within the four-year block, only one unutilized LTA can be carried forward to the next block of years and claimed therein. To claim the unutilized LTA, the employee must take a trip in the first calendar year of the next block. If the unutilized LTA is not claimed within the first year of the next block, it will expire and cannot be claimed later on.

Even if an employee changes their job within a block of four years, LTA exemption is still available. If the change happens within the block and there is any unutilized LTA, it can be claimed with the new employer. However, if the LTA has been availed from the old employer, the new employer will not allow any new LTC.

If an employee goes on vacation and visits multiple cities, the exempted LTA amount will cover the cost of round-trip travel from their home city to the farthest city they visit and back. In other words, the LTA will reimburse the employee for the most expensive leg of their travel.

For example, if an employee resides in Delhi and decides to go on vacation to Mumbai, Kolkata, and Chennai, the cost of round-trip travel from Delhi to Mumbai is ₹5000, from Delhi to Kolkata is ₹4000, and from Delhi to Chennai is ₹6000. In this scenario, the exempted LTA amount would be ₹6000, which is the cost of the round-trip travel from Delhi to Chennai and back. Even though the employee visited multiple cities, the LTA will cover the expense of the farthest city visited and the return journey.

Under the Income Tax Act, LTA is allowed only when the employee takes a leave from work and then travels on vacation. If the traveling is done on holidays, the same is not allowed for LTA exemption. However, organizational practices might differ, and some companies may allow LTA exemption even if the trip is taken on a holiday, while others may not.

Under the Indian Income Tax Act, the following expenses can be included under LTA:

  • Travel expenses: LTA covers the cost of travel for the employee and their immediate family members, including spouse, children, and dependent parents or siblings. The travel can be undertaken by air, rail, or public transportation as per the specific rules defined by the employer or the Income Tax Department.
  • Destination: LTA is meant for travel within India. Employees can claim expenses incurred on traveling to any place in India for their leave period.
  • Mode of travel: LTA covers expenses incurred on travel by air, train, or other public transportation. The expenses are eligible for reimbursement based on the actual amount spent or as per the limits set by the employer or tax authorities.
  • Leave period: LTA can be claimed for travel during the employee's leave period, which may include annual leave, casual leave, or any other form of approved leave.

The procedure to claim LTA may vary depending on the employer's policies and procedures, but here are the general steps that most employees need to follow:

  • Check your eligibility: Ensure that you are eligible for LTA and have completed the required years of service with your employer. Check the LTA rules and regulations specific to your employer.
  • Plan your travel: Plan your travel in advance and select the mode of transport you wish to use. Keep all the relevant documents related to your travel, such as tickets, boarding passes, and invoices.
  • Apply for LTA: Fill out the LTA application form provided by your employer and provide all the relevant details of your travel, such as the date of travel, destination, mode of transport, and cost incurred.
  • Submit proof of travel: Along with your application form, submit all the relevant documents such as tickets, boarding passes, and invoices that prove your travel. These documents serve as proof of your LTA claim.
  • Await approval and reimbursement: Your employer will verify your LTA claim and, once approved, reimburse the amount claimed as per their policy. The reimbursement may be processed as part of your regular salary or as a separate payment.

Q: If the employee takes one journey in the block of 2022-23, by when should the unclaimed LTC be claimed in the next block?

A: The unclaimed LTC exemption should be claimed within the year 2025 if it is carried forward to the next block.

Q: Is LTA exemption available in the new tax regime applicable from the financial year 2022-23?

A: No, LTA exemption would not be allowed under the new tax regime, which is applicable from the financial year 2022-23.

Q: If the employee's parents-in-law travel with him, would the travel costs for the parents-in-law be claimed as an exemption?

A: No, LTA exemption cannot be claimed for travel costs of parents-in-law.

Q: Which section of the Income Tax Act allows an exemption for LTA?

A: Section 10(5) of the Income Tax Act, 1961 allows LTA exemption.

Q: If the boarding pass is lost, can LTA be claimed?

A: LTA can be claimed if the boarding pass is lost. However, allowing LTA exemption would depend on the employer and the availability of other proofs.

Q: If the employee's wife travels with him, would her travel costs be allowed as an exemption?

A: Yes, the travel costs of spouses can be claimed under LTC exemption.

Q: Can only the travel costs of the family members be claimed as LTA if the employee does not travel?

A: No, if the employee does not travel, no LTA exemption would be allowed even if the family members travel.

Q: What would happen if the employee did not travel in a block of four years?

A: If the employee does not travel in a block of four years, LTA exemption would not be allowed. However, one unutilized LTA can be carried forward to the next block.

Q: Can return airfares on international trips be claimed under LTA?

A: No, international travel is not covered under LTA, and return fares on such travel would not be allowed as an exemption.

Q: Can I claim LTA exemption twice in one financial year?

A: No, only one LTC exemption can be claimed in one financial year. If you have taken two trips within the same financial year, the exemption would be allowed only on one trip.

Leave Travel Allowance (LTA) is a valuable tax benefit that allows employees in India to save taxes on travel expenses incurred during their vacations. By understanding the rules and regulations surrounding LTA, employees can make the most of this tax-saving measure. Employers, on the other hand, should ensure that LTA is properly implemented and administered to benefit their employees. With the comprehensive information provided in this guide, both employees and employers can navigate the world of LTA exemption with confidence.

  • Capital Gains Tax

Recent Blog

img

What Is Tax Haven & Its Impact On Indian Economy

img

Understanding the Companies Act 2013

img

Functions of a Company Secretary under the Companies Act of 2013

img

Understanding the Powers and Duties of a Liquidator

img

A Deep Dive into the Income-tax Department Introduces 'Discard ITR' Facility

What is leave travel allowance (lta).

Leave Travel Allowance (LTA) is an allowance provided by employers to employees to cover their travel expenses incurred during leave periods for vacation purposes.

How does the exemption for Leave Travel Allowance (LTA) work?

Under the Income Tax Act, employees can claim tax exemption on the amount received as Leave Travel Allowance (LTA) for travel expenses incurred for themselves and their family members, subject to certain conditions.

What are the conditions to claim LTA exemption?

To claim LTA exemption, the travel must be undertaken within India, the employee must be on leave, and the travel expenses must be incurred on transportation (air, rail, or bus fares) to the destination and back.

Can LTA exemption be claimed for international travel?

No, LTA exemption is only applicable for travel undertaken within India. Expenses incurred for international travel are not eligible for LTA exemption.

Is there a limit to the LTA exemption that can be claimed?

Yes, LTA exemption is limited to the actual travel expenses incurred by the employee for himself/herself and eligible family members on the journey. The exemption is subject to the rules and limits specified by the employer's policy and the Income Tax Act.

author

The Tax Heaven

Subscribe to the exclusive updates, the tax heaven:.

TOI logo

  • Business News
  • India Business News

LTA Calculator: What Are The Leave Travel Allowance Rules? Check LTA Calculation Example, Eligibility, Expenses Covered, Tax Exemption - Top 10 Points

LTA Calculator: What Are The Leave Travel Allowance Rules?

Ways to Save Income Tax in India

Paying tax is one of the many ways we, as citizens, support the Government of India’s goal of transforming India into a highly developed nation. It is through the payment of tax that we can fund developmental aspects like the construction of roads, schools, and hospitals. One could rightly say that tax is the lifeblood or fuel of development. At the same time, we must examine legal solutions for how to save tax in India. Let us review the many ways tax can be saved effectively. These solutions have two aspects in common: They entail a long-term investment and effectively reduce our taxable income.

Donate to charity

When you donate to charity , you are not only contributing to a meaningful cause but also reducing your taxes. Any money given to approved non-profit organisations can be deducted from your taxable income, up to 10% of your total earnings. So, if you earn Rs. 5 lakhs, you can reduce your taxable income by up to Rs. 50,000 by giving to charity. Do ensure that you are donating to well-known, reputed, and trusted organisations like Bal Raksha Bharat (Save the Children India). This non-governmental organisation, which has been present in India for over 15 years, has a commendable track record of channelling donations towards strategic and highly impactful initiatives that address various developmental aspects for children across the country.

Making tax-saving investments

Any financial advisory on the topic of how to save tax in India will undoubtedly recommend investing in tax-saving instruments, which include mutual funds and fixed deposits. These investments, which bring down one’s taxable income, allow savings of up to Rs. 1.5 lakhs per year from being taxed. In addition, they can also earn a sizeable source of investment-based income. However, one must keep in mind that there are specified periods during which the investment cannot be withdrawn. However, this is an effective and time-tested solution to save on taxes.

Buying a home

Investing in home ownership is another way to enjoy the benefit of personal property while also saving on taxes. First, the money you pay toward your home loan’s principal amount can be deducted from your taxable income up to Rs. 1.5 lakhs per year. Additionally, if you rent out your property, you can deduct interest paid on your remaining home loan amount from that rental income when calculating your taxes due.

Paying health insurance premiums

Nobody likes going to the doctor or hospital. But those medical bills can help you save on taxes. You can claim deductions for health insurance premiums you pay, as well as costs for medical treatment of specified illnesses or disabilities. There are limits to how much you can claim, but every bit of savings helps.

Claiming Leave Travel Allowance

Do you love going on family vacations? Well, those holiday costs can reduce your tax burden! Under the Leave Travel Allowance or LTA benefit, you can get tax exemptions for expenses incurred while travelling within India for vacations. This includes costs for travel, accommodation, and even food up to certain limits. So save those travel receipts.

Loan for buying an Electric Vehicle

Trying to help the environment by driving an electric vehicle? The government wants to reward you for your purchase. Under Section 80EEB, you can claim a tax deduction of Rs. 1.5 lakhs on interest paid toward an electric vehicle loan. This incentive aims to promote greener transport options. So while saving the planet, you also save some tax!

Claiming a double housing deduction

If you have to live in a different city for work while your family remains elsewhere, you may qualify for dual housing benefits! You can claim tax deductions for rent paid on your secondary accommodation near work. And you can also claim home loan interest deductions for the home where your family resides! It’s like getting a valuable tax benefit simply for your work situation.

Handicap Benefits

If you or anyone in your family has certain disabilities, you are eligible for additional tax deductions. These include a deduction of Rs. 75,000 for yourself if you have a disability, as well as additional exemptions for supporting disabled dependents. While having a disability is challenging, at least there is some financial relief available through these tax provisions.

Learn and Save

Are you a good student who loves reading and learning? Then you may be able to convert that passion into tax savings! Any fees paid for your education or books and materials can be claimed as deductions from your taxable income. This includes tuition, admission fees, cost of books and publications, and even expenses on stationery items. Who knew doing your homework could make you richer too? Some of these additional methods can help you keep even more of your hard-earned money. Just be sure to keep proof and paperwork in order.

Related Posts

Health and nutrition programmes

© 2024 Bal Raksha Bharat | All Rights Reserved

Privacy Policy    Terms & Conditions

Privacy Policy      

Terms & Conditions

  • Popular Courses
  • Drafting of Appeal
  • More classes
  • GST Audit Course
  • More Courses

Understanding LTA & its benefits

Taxblock

Leave Travel Allowance (LTA)

First, we need to understand the concept of Leave Travel Allowance Related Rules and Exemption Guide then we can claim for this allowance.

What is LTA?

LTA stands for leave travel allowance. This allowance is provided by the employer to cover the travel expenses of the employee when he is gone for a holiday trip. Leave Travel Concession is another name of LTA. This allowance is exempt from the tax under section 10(5), Income Tax Act, 1961.

LTA Exemption Rule

The following image stated the exemption rule of LTA as per the Income Tax Act.

LTA can be categorized into 2 parts:

Understanding LTA and its benefits

  • Any travel concession received by employees from their employers for themselves and their families to cover expenses incurred in travelling when they are on leave.
  • Any travel concession received by employees from their former employers for themselves or their families to cover expenses incurred in travelling after the termination of service or post-retirement.

Note: As per the income tax act, the term 'family' includes:

  • Spouse of the individual
  • Parents of the individual (mainly dependent on the individual)
  • Children of the individual
  • Brothers & sisters of the individual (mainly dependent on the individual)

To check the eligibility and calculate LTC accurately, individuals need to following LTA rules:

  • Individuals incurred some kinds of expenditure during their trip but not all expenses are covered under LTA.
  • Expenses made on shopping and food are not tax exempted.
  • Only some expenses related to employee's holiday trip are covered under LTA.
  • The employees have to keep proof of travelling as it will be required to auditing purposes.
  • Tax exemption is allowed for two-holiday trips during the block of 4 years.
  • The amount of exemption will be calculated on the basis of chosen transportation & connectivity of place of the trip.

What are the block years in LTA?

LTA block years are the blocks of four years created by the Income Tax department. As per the rule, the exemption can be claimed twice in each block period.

The list of LTA block years:

Current Leave Travel Allowance Block year

The current LTA block year is 9th block year which includes 2018, 2019, 2020 and 2021.

List of exempted expenses under Leave Travel Allowance

  • By-Air travel expense- Air travel fare of economy class of national airline by the shortest air route or actual travel expense paid, whichever is less, exempt from tax.
  • Travel exp. by train- The first-class rail fare by the shortest route or actual travel expense paid, whichever is less, exempt from tax.
  • If the destination and origin spot of the trip is connected by train but the journey is covered by another mode of transport- The first-class rail fare by the shortest route or actual travel expense paid, whichever is less, exempt from tax.
  • If the destination and origin spots are not connected by air or rail (fully/partly) and connected by any other public transport system- The deluxe or first-class fare of the available public transport for shortest route or actual travel expense paid, whichever is less, exempt from tax.
  • If the destination and origin spots are not connected by air or rail (fully/partly) and not connected by any other public transport system- The first-class rail fare by the shortest route or actual travel expense, whichever is less, exempt from tax.

Carry Over Concession

If the employee didn't use LTA benefit either once or twice in a block period of 4 years, the employee can still claim for LTA tax exemption using LTA in the immediately succeeding year of the 4 years block period. It is known as carry over concession.

For example:

Suppose Mr. Ankit has claimed only 1 LTA tax exemption during 7th block period i.e. 2010-2013. He can still claim the remaining exemption. So, when he can claim it?

He can claim remaining LTA exemption in the coming next year, i.e. 2014. However, 2014 will be a part of 8 th Block Period, he can still claim for the 3 LTA concession in this block period but Mr. Ankit needs to claim this carry over concession in 2014 only, it will not be accepted later than that.

Limitations of Leave Travel Allowance

  • LTA covers only domestic trip. An international travel will not be covered under this.
  • LTA is provided to cover travel expenses only.
  • To claim LTA benefit, the mode of transport should be either railway, air or other public transport.
  • An individual cannot claim LTA exemption for more than two children. This restriction will not be applicable if the children are born before 1 st Oct 1998.
  • In case of multiple birth, the birth of children after first child will be considered as one child only.

LTA calculation

Suppose Mr. Ankit, an employee of ABC Company, travelled from Delhi to Mumbai and return through a business-class flight. Total expense on his air tickets was estimated Rs. 40,000. However, the economy class fare of the return journey was Rs. 12,000. For this travel expense, he gets reimbursed amount for Rs 40,000 from his employer. How much can he claim for LTA tax exemption?

Solution: In that case, the fare of economy-class is lower as compare to actual spent money on tickets. Hence, he can claim only Rs 12,000 for LTA exemption and remaining amount will be added to the taxable income.

Vehicle allowance & its tax Benefits

It has been stated that reward is a return gift for the dedication and hard work. Moreover, when an employer rewards his employees by providing them motor car facility. For tax purpose, Income tax department is required to calculate perquisite value of the vehicle.

Valuation of motor car usage perquisite

Vehicle allowance is provided by the employer in order to cover the day to day travelling expenses of the employees. However, this perquisite is a taxable one to an extent in employees' hands. This comprehensive guide by Tax Block helps to get better understanding about the same.

Motor Car Allowance

Generally, if any employer provides a vehicle & its related facilities to their employees, it is termed as motor car perquisite. This benefit is taxable from the tax point of view but it has certain conditions to make it tax free at certain limit. Therefore, it is required to understand the concept of its valuations to get the tax benefit related to this perquisite.

Valuation of vehicle perquisite

As per rule 3(2), Income Tax Act, the valuation of vehicle concession depends on certain conditions which are as follows:

Situation 1: If the motor car is hired or owned by the employer and he bore the running & maintenance expense

Motor car is exclusively & wholly used for official purposes.

In that case, the motor car is wholly used for official purpose only irrespective of who owns that car i.e. the employee or employer, then it will not taxable perquisite in the hands of the employee. For the same, the required documents must be maintained by the employer.

Motor Car is exclusively used for private, or personal purposes of the employee

When the employees use the motor car fully for their private or personal purposes, then it will be fully taxable for the employees.

The value of vehicle perquisite will be:

  • Actual expenditure incurred by the employer on maintenance & running of the car
  • Add: wear & tear cost of the vehicle (10% of the actual cost)
  • Add: the salary of chauffeur
  • Less: if the employee charges any amount for the usage of the car from the employee.

Therefore, the taxability of vehicle allowance can be calculated as below:

  • Find out the actual expenditure of the employer on maintenance & running of the car including the salary of chauffeur and depreciation.
  • Less: If the employee reimbursed any amount
  • Value of motor car perquisites to be taxed.

Vehicle is used partly for official & private purposes

Situation 2: if the vehicle is owned by an employee but its maintenance & running expenses are borne by the employer, motor car is used exclusively for only official purposes.

When a car is being used only for office purpose, then an employee will not be liable for the tax-related to vehicle perquisite. In that case, specified documents need to be maintained by the employer.

Motor car is used partly for private and official purposes

In that case, the value of perquisite will be calculated in the following manner:

  • Actual expenditure incurred by the employer
  • Less: Rs 1800 per month (below 1.6 cc) & Rs 2400 (above 1.6 cc) plus Rs 900 for driver's charge, or a higher sum related to office use with certain conditions.
  • Value of the benefits

Situation 3: When the employee is provided other automotive conveyance and the actual maintenance & running expenses are borne by the employer

Employees' conveyance is used for official purposes only.

No value of perquisite will be taxable in the hands of the employee

Employees' conveyance used partly for private or official purposes

The taxable value of perquisite will be actual expenditure incurred by employer excluded monthly Rs 900, or higher sum for office purposes under certain conditions.

Applicable conditions to claim a higher sum in respect of the usage of the vehicle for official purposes

  • The employer needs to maintain complete records of the journey by the employee for official purpose. The required details are date of journey, mileage, destination, and other relevant expenditure, and
  • The employee needs to provide a certificate by his employer that the expenditure has incurred wholly for official purposes.

What if multiple cars are provided to employee?

As per the choice of employee, the valuation of the car will be @ Rs. 1800 or Rs. 2400 monthly and the other cars will be considered as for private use

Vehicle at a concessional rate

  • First, calculate the value of perquisite if the vehicle has been provided at free of cost.
  • Less: if any amount is being charged for the use of the car from the employee
  • Value of the benefit to be taxed

Join CCI Pro

Published by

Taxblock (Taxblock is One stop solution to ITR, GST, U.S Tax, NRI, EXPAT, TDS, Tax Planning and many more for Individual & Business) Category Income Tax   Report

Related Articles

Popular articles.

  • How to Save Tax if Salary is Above 5 Lakhs for FY 23-24?
  • The Conundrum of Rule 86B in Indian GST Laws!
  • Understanding Rule 86B of CGST Rules: Restrictions on ITC Utilization
  • Section 50: Capital Gain on sale of depreciable asset
  • Do you know the UPI Transaction Limit for FY 24-25
  • Income Tax India's AIS Upgrade: A Closer Look at New Functionalities
  • Delay in complying with timelines relating to Cost Audit 2023-24 to be informed to MCA by Cost Auditors
  • Different Grounds in Show Cause Notice and Order in Indian Indirect Tax and GST Law

CCI Pro

Trending Online Classes

"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Live Course on PF & ESIC - Advance Course(with recording)

Mr.Balamurugan Ranganathan

Certification Course on Practical Filing of Income Tax Returns

Pratibha Goyal

CCI Articles

You can also submit your article by sending to [email protected]

Browse by Category

  • Corporate Law
  • Info Technology
  • Shares & Stock
  • Professional Resource
  • Union Budget
  • Miscellaneous

Facebook

Whatsapp Groups

Login at caclubindia, caclubindia.

India's largest network for finance professionals

login

Alternatively, you can log in using:

Course

Hand Emojji Images

  • Company Registration
  • Foreign Company Registration
  • Private Limited Company Registration
  • Public Limited Company Registration
  • Limited Liability Partnership Registration
  • One Person Company Registration
  • Nidhi Company Registration
  • Producer Company Registration
  • Partnership Registration
  • Sole Proprietorship Registration
  • GST Registration
  • FSSAI Registration
  • Import Export Code
  • ISO Certification
  • RERA Registration
  • MSME Udyam Registration
  • Shop Act Registration
  • BRN Registration
  • Startup Registration
  • NGO Registration
  • Section 8 NPO Registration
  • Trust Registration
  • Society Registration
  • NGO Darpan Registration
  • FCRA Registration
  • 80G 12A Registration
  • Corporate Social Responsibility
  • Trademark Registration
  • Copyright Registration
  • Design Registration
  • Patent Registration
  • Personal ITR Filing
  • Business ITR Filing
  • XBRL Filing
  • Stock Audit
  • Statutory Audit
  • GST Advisory
  • Tax Planning
  • Legal Secretarial
  • NRI Taxation
  • Project Financing
  • Strike off Section 8 Company

All you need to know about Leave Travel Allowance (LTA)

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”]

All you need to know about Leave Travel Allowance (LTA)

Leave Travel Allowance (LTA) is the most common element of compensation adopted by employers to remunerate employees due to the tax benefits attached to it. LTA is the remuneration paid by an employer for employee’s travel in the country, when he is on leave with the family or alone. LTA amount is tax free. LTA is exempt from taxes under the income tax act. In this article, we have tried to explain some interesting and relevant aspects about Leave Travel Allowance which you as a salaried employee must keep in mind.

Meaning of Leave Travel Allowance (LTA)

Leave travel allowance means the allowance provided by the employer to its employee for travelling on leave. It is a component of cost to company which is exempted from taxation under Income Tax Act, 1961, subject to certain terms and conditions.

Advantages of Leave Travel Allowance

  • Leave Travel Allowance (LTA) is one of the important components of the salary structure that helps in saving income tax.
  • LTA can be claimed for travel fare or tickets within India only, expenses incurred for accommodation, or any other fee will not be eligible for exemption.
  • An employee can produce his/her travel-related bills for the journey through air, train, bus or any other mode of transport and save on taxable income.
  • LTA is added to the salary structure by the employer based on various factors such as title, position, pay scale, etc.

The LTA benefits can be availed only if it is a part of the salary structure. You can claim for the LTA when you have travelled alone or when with family as well. LTA covers the travel expenses for family members – parents, siblings, spouse, and children as well, provided you have travelled with them on those occasions.

Conditions for claiming Leave Travel Allowance

Following are the condition for claiming the LTA:

  • Exemption must be available on actual journey only.
  • Also, only domestic travel (travel within India) is considered while claiming exemption while international trip or travel is not eligible for claiming exemption.
  • This exemption is available to the employee or with his family.

Here, family includes spouse, children and wholly or mainly dependent parents, brothers or sisters of the employee. Also only 2 children will be considered for claiming this exemption, however if twins or multiple children are born on second occasion then the exemption will be available for total children born on first and second occasion.

Calculation and Maximum Limit of LTA

According to the provisions of the income tax act no monetary limits either as percentage or absolute amount exist, in respect to LTA. Thus, the employer can freely decide what component of salary he wants to allow his employee to claim as LTA. However, prudence demands that the amount of LTA should be reasonable in relation to the overall salary of the employee.

Eligible exemption

Exemption is only available on actual travel cost i.e, fare paid by the employee, no exemption is available for local travel, sightseeing, accommodation, food etc. Also exemption is limited to LTA provided by the employer only.

Exemption available for various modes of transport

Note : Exemption is available for only 2 journeys travelled in a block of 4 calendar years, current block is 2018-21. If exemption is not availed during the respective block for one or two journey, then the same could be carry forwarded and could be claimed in the first calendar year of immediately succeeding block. Also in case of multi destination journey exemption is available for the eligible travel cost from place of origin to the farthest place in vacation by the shortest route.

LTA Cash Voucher Scheme

As of now it is impossible for anyone to travel due to strict COVID guidelines therefore to help with this government launched the “ Cash Voucher Scheme ” to benefit public and private sector employees.

The various criteria for the scheme are:

  • The exemption is available for F.Y. 2020-21
  • This scheme shall count as usage of 1 trip out of the 2 journey during the block of 4 calendar years.
  • The employee and his family have to incur specified expenditure on purchase of goods and services having GST rate of 12% or more.
  • The above purchases should be made between 12 Oct 2020- 31 March 2021
  • The expenditure should not exceed Rs. 36000 or 1/3 rd of the specified expenditure, whichever is lower.
  • The payment for such expenditure should be made via digital or electronic mode only.
  • Where you don’t avail of the scheme there either you can carry forward the amount to next year or pay it to you after deducting TDS on it.

Note . This scheme will be available to the employee opting for old tax regime only.

Documents required for claiming LTA

To claim for LTA, an employee is required to submit the LTA form along with the travel bills. Though the IT Department or the employer are not required to check the tickets or bills, it is recommended to preserve the tickets, boarding pass, and other documents, so it can be provided to the LTA claim assessing officer if required.

Final Words

Even though the rules set by Income-tax Department are crystal clear, the accounts department of several organisations may follow their own set of guidelines. Therefore, before availing of any such exemption, it’s better to get clarity, well in advance.

Related Posts

Income Tax Return Filing (F.Y. 2019-20) i.e. A.Y. 2020-21

Income Tax Return Filing (F.Y. 2019-20) i.e. A.Y. 2020-21

Filing of form 15G/15H for rental Payment

Filing of form 15G/15H for rental Payment

alt

  • Job Description
  • Work, life and you
  • Career Management
  • Career, growth & development
  • Money Matters
  • foundit insight tracker
  • Job Search Strategy
  • Resume & Cover Letters
  • Interview Tips
  • COVID-19 Career Advice

Logo

Leave Travel Allowance (LTA) is the most common element of compensation adopted by employers to remunerate employees due to the tax benefits attached to it. LTA is the remuneration paid by an employer for employee’s travel in the country, when he is on leave with the family or alone.

LTA amount is tax free. LTA is exempt from taxes under the income tax act. Given here are some interesting and relevant aspects about Leave Travel Allowance which you as a salaried employee must keep in mind. Exemption of Fare Only – LTA exemption can be claimed when the employer provides LTA to employee for leave to any place in India taken by the employee and their family.

Such exemption is limited to the extent of actual travel costs incurred by the employee. The total cost of stay and other expenses is not covered, only the travelling cost is covered.

Meaning of Family for LTA – The meaning of ‘family’ for the purposes of exemption includes spouse and children and parents, brothers and sisters who are wholly or mainly dependent on you.

Travel within India only allowed – Travel has to be undertaken within India and overseas destinations are not covered for exemption.

Exemption on Actual Travel Expense – For example, where an employer provides LTA of INR 40,000, but an employee spends only INR 30,000 on the travel cost, then the exemption is limited to only INR 30,000. Travel cost means the cost of travel and does not include any other expenses such as food, hotel stay etc.

Restriction on Number of Child for Claiming LTA – Exemption is not available for more than two children of an individual born after October 01, 1998.

This restriction does not apply in respect of children born before this date, and also in cases where an individual, after having one child, begets multiple children (twins or triplets or quadruplets, etc.) on the second occasion. The term “Child” includes a step-child and an adopted child of the individual.

Is exemption available every year?

No. The tax rules provide for an exemption only in respect of two journeys performed in a block of four calendar years.

The current block runs from 2014-2017. If an individual does not use their exemption during any block on any one or on both occasions, their exemption can be carried over to the next block and used in the calendar year immediately following that block.

In such cases, the journey performed to claim such exemption will not be counted for the purposes of regulating future exemptions allowable for the succeeding block. For example, Mr. X joins an organization on April 1, 2012 and is entitled to an LTA of Rs 40,000 per annum (financial year 2012-13). X undertook a journey in December 2012 and used his exemption. However, for his LTA entitlement for 2013-14, he did not undertake a journey during the calendar year 2013.

He can undertake the journey in 2014 to claim the exemption in relation to the LTA. He would also be able to use the LTA benefit for two other journeys which he can undertake in the current block 2014-17 in relation to his LTA entitlement for future years.

Proof of travel

Employers while assessing the travel allowance claims do not need to collect proof of travel to submit to the tax authorities.

Though it is not mandatory for employers to demand proof, they still have the right to demand documentary proof depending on its policy. The assessing officer can still ask for the employee to provide details of travel.

The individual however needs to keep copies for his or her own records. Such proofs are helpful at the time of the audit of the tax return of the individual.

Proof of travel could be, for example, tickets, boarding passes, invoice of travel agent, duty slip etc. Does claiming LTA in alternate years mean that the two year entitlement gets added together?

It does. If you are entitled to an LTA of INR20,000 per year and do not utilize it for the first year it is carried forward to the next year. In the second year you can claim the entire amount (INR40,000 i.e. 20,000 + 20,000) as tax exempt provided you spend it according to the specification in LTA tax laws as detailed above.

Carry over concession for Leave Travel Allowance – Leave Travel Allowance (LTA) comes with a carry forward feature. You can carry forward your Leave Travel Allowance in the situation that it has not been used. It can be brought forward and claimed in the first year of the next block. However the LTA claim can be brought forward and claimed only in the first year of the next block.

Can I Claim LTA Twice in a Year – Though you can claim two journeys in a block of four years, you can claim the LTA benefit just once in a year. You cannot claim both the journeys in one year. So, while a person can get an income tax exemption for two journeys in a block of four calendar years, he can make a trip only once a year. If you make two trips in a year, you lose one. One way out is to claim one and make your spouse claim the other in case your spouse is also working.

LTA in case of Switch of JOB – If you switch jobs, you can get the LTA not only from your present organization but also from your former employer, if the concession is lying unutilized. Let’s say that, in the 2010-13 block, you claimed LTA in 2011.

In 2012, you switched jobs. You can still claim your second journey with your new employer. Of course, your new employer will ask to look at your earlier tax returns to see whether it has been claimed or not.

LTA is often the most unutilized of exemptions but which can let you save huge amount of taxes if claimed. So this time make sure that your holidays not only give you that much needed break but also save you taxes.

More Resources :

' src=

More articles

What is a cv meaning, templates & samples, india’s hiring landscape in april 2024: a comprehensive overview from the foundit insights tracker , importance of cooperative communication in workplace.

spot_img

Latest article

Why do you want this job best way to answer this question (sample answers included), best technical interview questions for freshers.

© Monster. All rights reserved.

  • foundit Malaysia
  • foundit Indonesia
  • foundit Hong Kong
  • foundit Philippines
  • foundit Singapore
  • foundit Gulf

Job Seekers

Popular category.

  • Insights Tracker 589
  • Interview Tips 570
  • Career Management 503
  • Job Search Strategy 333
  • Resume & Cover Letters 238
  • Motivation & Thought Leadership 206

Editor Picks

TaxGuru Logo

  • Submit Post
  • Union Budget 2024

Leave Travel Concession/Allowance (LTC/LTA)

Leave Travel Concession (LTC) is a type of benefit provided to employees by their employers to travel within the country during their leave period. The objective of this benefit is to encourage employees to take a break from work and explore new places while spending quality time with their family. The LTA/LTC scheme was introduced in the year 1986 by the Government of India to help employees working in government or public sector undertakings to travel and enjoy their time off. The scheme has since been extended to employees of private companies as well. Under the scheme, an employee can claim reimbursement for the travel expenses incurred during the leave period. The reimbursement is subject to certain conditions and restrictions, such as the distance of travel, the mode of transport used, the number of family members traveling, etc. The employee is required to submit the travel bills and other supporting documents to the employer to claim the reimbursement.

What is Leave Travel Allowance?

Leave Travel Concession (LTC) is a benefit provided by employers to their employees to travel within the country during their leave period. The objective of this benefit is to encourage employees to take a break from work and explore new places while spending quality time with their family.

Section 10(5) of the Income Tax Act, 1961 with Rule 2B ensures the exemption of tax and also details the conditions subject to tax exemption. Income tax provision has laid down rules for claiming exemption of LTC/LTA which are provided below.

Conditions for Claiming LTC/LTA

Let us understand the conditions/requirements for claiming the exemption.

  • Actual journey is a must to claim the exemption
  • Only domestic travel is considered for exemption, i.e., travel within India. No international travel is covered under LTC/LTA
  • The exemption for travel is available for the employee alone or with his family, where ‘family’ includes the employee’s spouse, children and wholly or mainly dependent parents, brothers, and sisters of the employee.
  • Further, such an exemption is not available for more than two children of an employee born after 1 October 1998. Children born before 1 October 1998 do not have any restrictions. Further, in cases of multiple births on a second occasion after having one child is also not affected by this restriction.

Eligible LTC/LTA Exemption

The exemption is available only on the actual travel costs i.e., the air, rail or bus fare incurred by the employee. No expenses such as local conveyance, sightseeing, hotel accommodation, food, etc., are eligible for this exemption. The exemption is also limited to LTC/LTA provided by the employer.

For example, if LTA granted by the employer is Rs 30,000, and the actual eligible travel cost incurred by the employee is Rs 20,000, the exemption is available only to the extent of Rs 20,000, and the balance of Rs 10,000 would be included in taxable salary income.

Exemption w.r.t various modes of transport

Procedure to Claim LTC/LTA

The procedure to claim LTA is generally employer specific. Every employer announces the due date within which LTA can be claimed by the employees and may require employees to submit proof of travel such as tickets, boarding pass, invoice provided by travel agent etc., along with the mandatory declaration. Though it is not mandatory for employers to collect proof of travel, it is always advisable for employees to keep copies for his/her records and also to submit them to the employer based on the LTA policy of the company/to tax authorities on demand.

Frequently Asked Questions

Who is eligible for LTA?

LTA/LTC is usually available to employees of government or public sector undertakings, as well as employees of private companies who have been granted this benefit by their employers.  

What exactly does Leave Travel Allowance cover?

Leave Travel Allowance covers only the travel expense incurred during the travel.

Can LTA exemption be claimed for Vacation on Holidays?

Many organisations that go strictly by the wordings of the income tax provision are allowing employees to claim LTA only if the employee applies for leaves and travel during that time. Such organisations may reject LTA claims for travel on official holidays or weekends.

  How often can an employee claim LTA?

An employee can claim LTA/LTC twice in a block of four years. The current block of years is from 2022 to 2025.

Leave Travel Concession Allowance

What is the minimum trip duration under LTA/LTC?

According to Rule 8 of the Central Civil Services (Leave Travel Concession) Rules, 1988, an employee must undertake a journey of a minimum of three days to be eligible for the LTA/LTC benefit. The rule further states that the journey should be undertaken to a place that is different from the place of work and the employee’s residence. This rule applies to employees of the Central Government and is also followed by many State Governments and Public Sector Undertakings.

It is important to note that the LTA/LTC rules may vary for employees of private companies and other organizations. Employers may have their own guidelines and policies regarding the LTA/LTC scheme. Employees should check with their employer to understand the specific rules and conditions applicable to them.

How can an employee claim LTA/LTC?

To claim LTA/LTC, an employee must inform their employer about their proposed travel plans and apply for leave. The employee must then submit the travel bills and other supporting documents to the employer within a stipulated time frame. The employer verifies the documents and reimburses the employee for the eligible expenses.

What happens if an employee does not utilize the LTA/LTC benefit?

If an employee does not utilize the LTA/LTC benefit during the block of years, they can carry it forward to the next block of years. However, the employee must utilize the LTA/LTC benefit within the first year of the next block of years. If the benefit is not utilized within the stipulated time frame, it will lapse.  

Can LTA/LTC be availed for international travel?

No, LTA/LTC can only be availed for domestic travel within India.

Can an employee claim LTA/LTC for travel to their hometown?

Yes, an employee can claim LTA/LTC for travel to their hometown, provided that the hometown is located at a distance from the place of work and the employee’s residence.

Can an employee claim LTA/LTC for travel during their probation period?

Generally, employees who are on probation are not eligible for LTA/LTC. However, some employers may have their own policies on this and may allow employees on probation to claim LTA/LTC.

Can an employee claim LTA/LTC for travel by a private car?

Yes, an employee can claim LTA/LTC for travel by a private car, subject to certain conditions. The reimbursement amount is usually limited to the amount that would have been paid if the employee had travelled by public transport.

Can an employee avail of LTA/LTC for travel during the notice period?

An employee can avail of LTA/LTC during the notice period, provided that they have already applied for and obtained leave for the travel period before the notice period begins.

Can an employee claim LTA/LTC for travel to attend a family function?

No, an employee cannot claim LTA/LTC for travel to attend a family function, such as a wedding or a funeral. LTA/LTC can only be availed for travel during the employee’s leave period for the purpose of leisure travel.

Can an employee carry forward unutilized LTA/LTC to the next block of years?

Yes, an employee can carry forward unutilized LTA/LTC to the next block of years, but they must utilize it within the first year of the next block of years.

Can an employee claim LTA/LTC for travel to a foreign country if they travel by land or sea from India?

No, an employee cannot claim LTA/LTC for travel to a foreign country even if they travel by land or sea from India. LTA/LTC is only applicable for travel within India.

Can an employee claim LTA/LTC for travel during a period of leave without pay?

No, an employee cannot claim LTA/LTC for travel during a period of leave without pay. LTA/LTC can only be availed during the employee’s leave period.

Is there a limit on the amount that can be claimed under LTA/LTC?

Yes, there is a limit on the amount that can be claimed under LTA/LTC. The reimbursement amount is usually limited to the actual expenses incurred by the employee, subject to certain conditions and restrictions.

Can an employee claim LTA/LTC for travel expenses incurred for their dependents?

Yes, an employee can claim LTA/LTC for travel expenses incurred for their dependents, such as their spouse, children, and parents. However, there may be restrictions on the number of dependents who can travel.

Can an employee claim LTA/LTC for travel to multiple destinations?

Yes, an employee can claim LTA/LTC for travel to multiple destinations, provided that the total cost of travel does not exceed the eligible amount.

Can an employee claim LTA/LTC for travel to attend a business conference or seminar?

No, an employee cannot claim LTA/LTC for travel to attend a business conference or seminar. LTA/LTC can only be availed for leisure travel during the employee’s leave period.

Can an employee claim LTA/LTC for travel by a rented vehicle?

Yes, an employee can claim LTA/LTC for travel by a rented vehicle, subject to certain conditions. The reimbursement amount is usually limited to the actual rental charges paid by the employee.

Can an employee claim LTA/LTC for travel if they are on medical leave?

No, an employee cannot claim LTA/LTC for travel if they are on medical leave. LTA/LTC can only be availed during the employee’s leave period for leisure travel.

Can an employee claim LTA/LTC for travel during the first year of their employment?

Generally, employees who are in their first year of employment are not eligible for LTA/LTC. However, some employers may have their own policies on this and may allow employees in their first year of employment to claim LTA/LTC.

Can an employee claim LTA/LTC for travel if they have resigned from their job?

An employee can claim LTA/LTC if they have resigned from their job, provided that they have already obtained leave for the travel period before their resignation. The reimbursement amount will be subject to certain conditions and restrictions.  

Disclaimer:  This document is strictly private, confidential and personal to its recipients and should not be copied, distributed or reproduced in whole or in part, nor passed to any third party. The views expressed in this write-up are matters based on our understanding of the law and regulations prevailing as at the date of this write-up and our past experience with the tax, regulatory and other authorities as may be applicable. However, there can be no assurance that the tax authorities or regulators will not take a position contrary to our views.

  • salary income
  • « Previous Article
  • Next Article »

Print Friendly and PDF

Name: Keshaba Palo

Qualification: ca in practice, company: palo & co, location: mumbai, maharashtra, india, member since: 06 feb 2020 | total posts: 2, my published posts, join taxguru’s network for latest updates on income tax, gst, company law, corporate laws and other related subjects..

  • Join Our whatsApp Channel
  • Join Our Telegram Group

ibm leave travel allowance

Sir, we are given to understand that the journey should be performed by State run public transport wherever available. But your article says that the journey can be performed by private taxi. Can you please clarify this sir? We find it difficult to convince our employees when our top management says one thing and articles like this say something else.

Can wrongly mentioned BLOCK YEAR be rectified

The time limit to generate e-invoice on IRP for all tax invoices issued is within seven days it is applicable on May 1st. What If my invoice Date is on April 30th I should generate an e-invoice on IRP within 7 days?

Leave a Comment

Your email address will not be published. Required fields are marked *

Post Comment

ibm leave travel allowance

Subscribe to Our Daily Newsletter

Latest posts.

Free YouTube Live on The global landscape –  from market’s to trade

Free YouTube Live on The global landscape –  from market’s to trade

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

SEBI Circular: Changes in Commodity Futures Contracts Delivery Period

SEBI Circular: Changes in Commodity Futures Contracts Delivery Period

SEBI Circular: AV Presentation for Public Issue Offer Disclosures

SEBI Circular: AV Presentation for Public Issue Offer Disclosures

RBI Excludes Fincare Small Finance Bank from Second Schedule

RBI Excludes Fincare Small Finance Bank from Second Schedule

SEBI Consultation Paper on Valuation Framework for AIFs

SEBI Consultation Paper on Valuation Framework for AIFs

Valuation Methods for Related Party Transactions Under GST

Valuation Methods for Related Party Transactions Under GST

Sukanya Samriddhi Yojana: Secure Your Daughter’s Future

Sukanya Samriddhi Yojana: Secure Your Daughter’s Future

Ind AS 109 Hedge Accounting: Fair Value vs Cash Flow Hedges

Ind AS 109 Hedge Accounting: Fair Value vs Cash Flow Hedges

Competition law & data monopolies: Legal approaches to ensure fair competition

Competition law & data monopolies: Legal approaches to ensure fair competition

No Section 68 addition when identity, creditworthiness & genuineness of investors established

No Section 68 addition when identity, creditworthiness & genuineness of investors established

Service Tax payable under reverse charge when reimbursable expense incurred by distributor on providing service on behalf of taxable person

Service Tax payable under reverse charge when reimbursable expense incurred by distributor on providing service on behalf of taxable person

Featured posts.

GST Case Law Compendium – May 2024 Edition

GST Case Law Compendium – May 2024 Edition

Supreme Court Upholds ICAI’s Limit of 60 Tax Audits per CA: Analysis

Supreme Court Upholds ICAI’s Limit of 60 Tax Audits per CA: Analysis

LinkedIn India Penalized for Companies Act Section 89 & 90 Violations

LinkedIn India Penalized for Companies Act Section 89 & 90 Violations

Empanelment of Concurrent Auditors With Canara Bank

Empanelment of Concurrent Auditors With Canara Bank

Provisional panel of CA Firms/LLPs with C&AG for the year 2024-25

Provisional panel of CA Firms/LLPs with C&AG for the year 2024-25

LLP Registration in India and how it is different from company?

LLP Registration in India and how it is different from company?

Latest Developments in GST

Latest Developments in GST

Time Table of CA Final/IPC/Foundation/Intermediate September 2024 Exams

Time Table of CA Final/IPC/Foundation/Intermediate September 2024 Exams

Can Mobile Squad Officers Impose CGST Act Section 129(3) Penalties?

Can Mobile Squad Officers Impose CGST Act Section 129(3) Penalties?

Popular posts.

Due Date Compliance Calendar May 2024

Due Date Compliance Calendar May 2024

Corporate Compliance Calendar for May, 2024

Corporate Compliance Calendar for May, 2024

May, 2024 Tax Compliance Tracker: Income Tax & GST Deadlines

May, 2024 Tax Compliance Tracker: Income Tax & GST Deadlines

Empanelment with Punjab & Sind Bank for Concurrent Audit: Last Date 08/06/2024

Empanelment with Punjab & Sind Bank for Concurrent Audit: Last Date 08/06/2024

GST compliance calendar for May 2024

GST compliance calendar for May 2024

SC explains Principals of Condonation of delay

SC explains Principals of Condonation of delay

Sovereign Gold Bonds (SGBs) – Tax and It’s Reporting In ITR

Sovereign Gold Bonds (SGBs) – Tax and It’s Reporting In ITR

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

No denial of ITC merely because supplier failed to file returns & pay taxes

No denial of ITC merely because supplier failed to file returns & pay taxes

You need JavaScript enabled to use this service.

Cookies on Civil Service Jobs

We use some essential cookies to make this website work.

To understand how you use Civil Service Jobs and improve the website we'd like to set some additional cookies .

Your cookie preferences have been set

You have chosen to accept additional cookies. You will be asked for your preferences again in 90 days.

You can check and update your preferences using the Cookies link at the bottom of all Civil Service Jobs pages.

You have chosen to reject additional cookies. You will be asked for your preferences again in 90 days.

  • Civil Service Jobs
  • Sign in to your account

IBM Database Administrator (Db2 � Z/OS (v10 or later)

HM Land Registry

Apply before 11:55 pm on Wednesday 19th June 2024

HM Land Registry Logo

Reference number

Contract type, business area, type of role, working pattern, number of jobs available, about the job, things you need to know, apply and further information, job summary.

It is an exciting time for HM Land Registry (HMLR) as we continue to embark on a major transformation programme. HMLR's ambition is to become the world�s leading land registry for speed, simplicity and an open approach to data.�

HM Land Registry's existing software systems and services form part of the critical national infrastructure, safeguarding land and property ownership valued at �7 trillion. This enables over �1 trillion worth of personal and commercial lending to be secured against property across England and Wales.

We are looking for an IBM Database Administrator to join our Transformation & Technology Directorate.

�You will be part of the IT Operations Practice, which is responsible for the performance and delivery of all technical infrastructure which underpins and supports the organisation.�

The IT Operations Practice is mainly based in Plymouth. There will be a requirement for travel to Plymouth, with the expectation that this would initially be more frequent to assist with on-boarding and team building, but after that, as an when required and agreed (travel / hotel costs will be covered).

Job description

You will actively participate and contribute to the support and maintenance of our technical infrastructure. Working to the Corporate Services technical team and other Lead Infrastructure Engineers, you will consult with other stakeholders such as the Delivery Practice, Service Management Practice and the Service Design and Transition team.

You will be responsible for the maintenance and support of HM Land Registry�s corporate databases, including administration, provision of technical support, advice and problem resolution. The corporate databases underpin essential Land Registry services to both internal and external customers.

The main Data Centre and Technology team is based in Plymouth. There will be frequent travel required to the Plymouth office to work with colleagues and other locations in the UK.

HMLR believe that a blended approach to where you work that enables some time working from home, as well as in the office may give you an improved experience and has clear business benefits, therefore we expect everyone to spend at least 60% of their working time in the office.�

Please see attached candidate pack for further information on this role.�

Person specification

You will be an expert at using a ppropriate tools to identify inefficient database access paths or applications affecting CPU levels and recommending and implementing changes to improve efficiency.

You have experience of implementing object changes as part of an application release schedule or installation of software package.

You can demonstrate experience of m onitor table and index space growth and organisation; identify objects for reorganisation or repartitioning according to established thresholds.

You can demonstrate experience of e xecuting processes to provide statistical and accounting information in support of production databases.

You will Investigate and implement new techniques for database design, maintenance, access and connectivity.

For more information about this role, please see the attached candidate pack. https://hmlandregistry.blog.gov.uk/category/working-at-hm-land-registry/

Qualifications

We'll assess you against these behaviours during the selection process:

  • Working Together
  • Communicating and Influencing
  • Managing a Quality Service
  • Delivering at Pace

For more information about what its like to work here please see the following links:

Building our digital capability through Communities of Practice Working for HM Land Registry/

At HM Land Registry our vision is a world leading property market as part of a thriving economy and a sustainable future. We are unique in terms of the economic and social impacts of our work, our ability to make a positive difference to the lives of our customers, our sense of mission, and our great people.� They are the foundation of all we have achieved and all we aspire to in the future. We want our people to feel proud to work for HM Land Registry and able to fulfil their full potential.

We have a strong and positive culture, a commitment to inclusivity, an emphasis on continuous learning and development, and flexible ways of working. We offer competitive pay and annual leave, attractive pension options and a wide range of other benefits.

  • We have integrity� we value honesty, trust and doing the right thing in the right way.
  • We drive innovation� we are forward-thinking, embrace change and are continually improving our processes.
  • We are professional � we value and grow our knowledge and professional expertise.
  • We give assurance � we guarantee our services and provide confidence to the property market.

You can find� more information on our rewards package on our website.

Selection process details

Please complete the online application form and upload an anonymous CV including your qualifications, skills and work history.��

Please review your application form before clicking �submit� � once you have submitted, you will not be able to amend your application. Ensure your application form is received by the closing date for receipt of applications � this is 23:55pm on the advertised date. The sift will take place once we have received your application and if successful at the shortlisting stage, you will be invited to a blended interview which will take place through Microsoft Teams.� � The blended interview will test the behaviours, experience and technical skills listed in the candidate pack.

Candidates may refer to notes within their video interview but they should be used as a prompt only. HMLR is accredited to the Disability Confidence Scheme, which denotes organisations which have a positive attitude towards disabled people. Disabled applicants who meet the minimum essential criteria at the shortlisting stage are guaranteed an invitation to interview.� If any candidate requires the panel to consider a reasonable adjustment or there is anything else they would like the panel to take into consideration they are asked to notify us of this at application stage where possible or during the process as soon as it becomes a requirement. You can find more information on how we use your personal data on our website

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of the Republic of Ireland
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
  • individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
  • Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Working for the Civil Service

Diversity and inclusion, contact point for applicants, job contact :.

Recruitment team

Further information

Attachments, share this page.

Civil Service Commissioners website (opens in a new window)

  • NEW COLOURS
  • Classic Tech
  • Classic Plus
  • Classic Pro
  • Classic Flight
  • Military Backpack
  • Underseat Bags
  • Laptop Backpacks
  • Gym and Work Backpacks
  • Minimalist Backpack
  • > Show All
  • Classic Cross Body Bags
  • Packing Cubes
  • British Airways
  • Backpack Size Guide
  • > More Backpack Guides
  • Carry On Luggage Size Guide
  • > More Cabin Bag Guides
  • Travel Gift Guide
  • Digital Nomads Hub
  • Travel News
  • Destinations
  • Product & Style
  • Travel Light
  • Packing Tips
  • Packing Lists
  • Air Travel Tips by Airlines
  • Luggage Tips
  • Pre-flight Checklist
  • In-flight Checklist
  • Layover Tips
  • CABIN MILES
  • Backpacks CLASSIC NEW COLOURS Classic Classic Tech Classic Plus Classic Pro Classic Flight ADVENTURE NEW COLOURS ADV ADV Pro ADV Dry MILITARY Military Backpack SIZE 28L 30L 32L 36L 42L 44L SHOP BY FUNCTION Cabin Bags Underseat Bags Laptop Backpacks Daypacks Gym and Work Backpacks Minimalist Backpack
  • Shoulder Bags > Show All SHOULDER BAGS Sidekick Flipside Flapjack Classic Cross Body Bags
  • Bum Bags > Show All BUM BAGS Hustle Hip Bags
  • Accessories > Show All ACCESSORIES Rain Cover Packing Cubes Gift Cards
  • Blogs Product Guides Backpack Size Guide > More Backpack Guides Carry On Luggage Size Guide > More Cabin Bag Guides Travel Gift Guide Our Journey Digital Nomads Hub Travel News Destinations Product & Style Cabinzero Travel Tips Travel Light Packing Tips Packing Lists Day Trips Air Travel Tips Air Travel Tips by Airlines Luggage Tips Pre-flight Checklist In-flight Checklist Layover Tips

International Travel Checklist: What To Bring For Your Trips

Depending on how you view it, packing in anticipation of a trip can be an enjoyable experience or a stressful one. An international travel checklist is as essential as the items on the list itself.

Knowing beforehand what to bring and reminding yourself not to leave any essentials behind can make a difference. Our team at CabinZero has assembled a helpful checklist of stuff you should bring with you on your journey.

Whether you are a seasoned traveller or not, this article guarantees a stress-free trip with an informative list of everything you need to pack, from the passport to power banks.

1. International Travel Checklist

ibm leave travel allowance

What better way to keep track of your stuff than a checklist? Photo by netrun78 - stock.adobe.com

Travelling to another country is exciting. But if it's your first time, you may need help deciding things to pack for international travel. With our handy travel abroad checklist , you can take the plunge into international travel relatively worry-free!

After doing all the necessary pre-flight routines , remember to bring the following items (it’s even better if you double-check everything):

1. Essentials

  • Passport and visas
  • Travel insurance proof
  • Health pass and/or vacation papers
  • Photocopies of the above items
  • Your emergency contact info
  • Itinerary (if needed)
  • Information about the nearest embassy or consulate.

While some places don’t strictly require visas, passports are another story. Unless it’s within the Common Travel Area, anyone travelling from the UK to other parts of the world needs a valid passport.

Safeguarding your important documents is also a serious matter. So keep an eye out for them at all times! Photocopies of these documents can be your lifesaver.

Tip: Bring a pen or two to fill out the forms at the airport or on the plane.

2. Medications

  • First Aid Kit
  • Prescription medicines for your conditions
  • Hand sanitiser
  • Water purifying tablets
  • Over-the-counter medications like cough drops or diarrhoea.

To keep yourself healthy is to allow yourself to enjoy the trip to the fullest. So be sure to pack some remedies just in case you are afflicted with some ailments on the road.

Ideally, you want to keep your prescription medicines in their original containers. Furthermore, put these individual bottles into a separate and ready-to-go pouch. That’ll come in handy sooner or later. 

  • Debit cards and/or credit cards
  • Some money hidden outside of your pockets and bags.

Exchanging to local currency is a must for international travellers. On the other end of the spectrum, some countries, like Taiwan, prefer cashless payment.

Researching before you go is a safe bet for deciding whether you should travel with or without cash. Calculating the ATM fees and making a budget for each day is also essential.

ibm leave travel allowance

Deciding what chic looks you are going for on a particular day is also a fun part of travelling. Photo by Kittiphan - stock.adobe.com

  • Undergarments
  • shoes/sneakers
  • Accessories.

Generally, clothing pieces that are soft and wrinkle-resistant are the top choices. Consider planning your outfits in a particular colour pallet for easier mixing and matching, or turn to neutral-coloured pieces.

5. Toiletries

  • Shampoo and conditioner
  • Feminine-hygiene products
  • Contact Lens and lens Solution
  • Pain relievers
  • Insect repellent

Always prioritise things you can’t leave without over things that are nice to have for your international travel packing list. For a smooth check-in, abide by the 3-1-1 rule for liquids. Packing these items into a toiletries bag is also neat. 

6. Miscellaneous

  • Electronic devices (don’t forget their chargers and cords, too)
  • Wet wipes/Baby wipes
  • Entertainment/books
  • Noise cancelling headphones
  • Water bottle
  • Ziplock bags

Among things to pack for international travel , some items may be essential to some but not to others. However, remember: less is more. You may find you won’t need some of these as much as you thought.

Tips For International Travel Packing

ibm leave travel allowance

Making an international travel checklist is just one of many steps you can take for a stress-free trip. Photo by Kittiphan - stock.adobe.com

Now you have a general idea of how to make a travel abroad checklist that works. But to take it a step further, read on to learn the most excellent tips and tricks for a wonderful journey.

1. Be Sure Of Your Paperwork

We know we sound like a broken record, but we can’t stress enough the importance of travel documents and not losing them. Because if they are stolen or lost, you need to be issued a new one to be allowed back home.

Pickpocketing is a rampant problem in many tourist destinations. It’s a sad reality, but you can minimise the risks by using a money belt or keeping the papers at the hotel safe.

Here are some more steps for ensuring the safety of your paper and your own:

  • Check your passport’s expiration date
  • Keep all documents undamaged and in a secure place
  • Make a physical copy and digitally scanned backup of your documents
  • Be aware of passport scams.

2. A Good Backpack Goes A Long Way

Every wanderlust knows by heart a sturdy travel bag that can take a beating is the best thing ever. It’s where you store all your travel essentials, and you don’t want any harm done to them on the journey.

3. Packing Aids Help A Ton

Some would swear by packing cubes. And that’s true, we promise. Packing cubes not only save space but also keep your contents organised. These zippered fabric containers also allow easy access to your items at the security check-in.

Tips: You can use shoes to store more than socks. Stuffing your jewellery or belts in or between your boots is a good idea.

4. Pack And Dress In Layers

Thinner and lighter clothes are always preferable. When going somewhere in winter, it’s wise to pack several thin shirts rather than bulky ones.

Tips: If you want to lighten your loads further, choose quick dry clothes and do your laundry while on the road.

5. Learn The Airline's Baggage-Fee Policy

ibm leave travel allowance

Packing right for the flight is the first step to a hassle-free journey. Photo by Chanakon - stock.adobe.com

Before deciding what things go where in your suitcase, consult the airline’s baggage allowance and policy . If you opt for a carry-on-only route, make sure your backpacks fit the linear inches (length + width + height) restrictions.

Travelling with one bag through a long-term journey to multiple climates is possible. All it takes is thoughtful planning and strategising.

Best Carry-On Backpack For Your International Travel Packing

Let’s face it, while checked baggage can store more stuff, it’s tiring lugging them around the airport and the destination. You know what we are talking about if you have spent mindless hours waiting for your luggage to come down from the carousel.

Imagine a backpack that is neither too big nor too small. It’s just the right size and comfortable to boot! Consider how your life will be a million times easier if that’s all you need.

No check-in bags, even no personal items, just one carry-on handbag. There’s no worry about parting ways with your luggage (and the risk of never seeing them again). Plus, your back will thank you later for this decision.

And that’s what CabinZero specialise in: bringing cabin-sized and hassle-free backpacks to everybody. Read more to find out which offer would be your best bet to house everything on your international packing list.

1. CabinZero Classic Backpack 28L

ibm leave travel allowance

The CabinZero Classic 28L embraces its function. Everything is there for a reason, from the 600 Denier Polyester body to the YKK zippers. Yet there’s still room for expression and exploration. With close to 30 colour schemes, travellers can freely express themselves while on the go.

Simple, practical, and get the job done. These are just a few reasons why it is such a crowd-favourite. Say goodbye to digging around to find your item or being weight down by your own stuff. Now everything is accessible and neatly organised thanks to this versatile backpack.

You can expect the best and more from the CabinZero Classic 28L. Whether on the road or on the plane, this light-as-feather bag is the best companion you could ask for.

2. CabinZero ADV Pro 32L

ibm leave travel allowance

The above Classic option is sizable enough for your daily needs. But when travelling for longer, you sometimes need a larger bag. That’s when CabinZero ADV Pro 32L comes to the rescue.

Spacious like a suitcase on your back yet comforting like a backpack,  CabinZero ADV Pro 32L is the best of both worlds. Chic design, all-day comfort, and honesty to their purpose - they are the everyday adventure backpack you’ve been looking for.

This maximum-cabin-sized bag will feel like nothing, even if it perches on your back for days. Made from Nylon 500d Rip-Stop fabric, the bag can take everything you throw at it. This one is built to last, just as you are.

International Travel Checklist

1. What Are The Three Documents Required To Travel Internationally?

A passport, visa and ID card are crucial paperwork for every global wanderlust, regardless of nationality. Losing them can be a headache, so always pay attention to them to avoid misplacing or missing them.

If that happens, you must contact the UK Embassy and Home Office to get a “one-time travel visa” or a temporary travel document. These allow you to re-enter the UK.

2. How Do I Prepare For My First International Trip?

Aside from the international packing list provided above, there are many things you can do to avoid mix-ups for your first time. Here are some of them:

  • Get your travel documents well in advance
  • Go to the Doc for check-ups and get your prescription pills
  • Research your destination carefully (culture, laws, flight distance, language, currency, etc.)
  • Look at the UK government’s Foreign travel advice and Foreign travel checklist .
  • Develop a budget
  • Compare transportation and accommodation options
  • Book everything early
  • Make sure you have access to money from overseas.

3. What Do You Do At An International Airport For The First Time?

For starters, arriving at the airport about 2-3 hours in advance for international flights is recommended.

Make sure you have your passport, boarding pass/tickets and ID card ready to process the check-in and Customs and Immigration checks.

All that’s left is waiting at the terminals until the boarding gate opens (usually 20-30 minutes before departure). That’s the gist of it. Don’t worry. Making your maiden flight won’t be as difficult as you think.

International Travel Checklist You Need To Go By

ibm leave travel allowance

Have you got everything in order? Now let’s get to that dream destination! Photo by deagreez - stock.adobe.com

There are millions of things you want to carry with you on the trip, but only a few of them you can’t live without. The international travel checklist we have provided is a good pointer. Still, you can tailor it to your needs and preferences.

Is there any item that you find indispensable to your travel? Be sure to leave a comment to tell us all about it. Plus, it would be good to share this article to make people’s lives easier. Safe travel!

Leave a comment

Please note, comments must be approved before they are published

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You may also like

Road Trip Packing List The Essentials to Bring Along on Your Road Trip

IMAGES

  1. Leave Travel Allowance (LTA): Benefits, Conditions & Exemptions

    ibm leave travel allowance

  2. Leave Travel Allowance (LTA): Claim Rule, Eligibility, Tax Exemptions

    ibm leave travel allowance

  3. Leave Travel Allowance (LTA): Eligibility, Rules, and Benefits

    ibm leave travel allowance

  4. Leave Travel Allowance (LTA)

    ibm leave travel allowance

  5. What is Leave Travel Allowance for Salaried Employees

    ibm leave travel allowance

  6. What is leave travel allowance? How do I use it?

    ibm leave travel allowance

VIDEO

  1. உலகின் கூர்மையான கத்தி

  2. Transport and leave travel allowance| Mani Career Talk

  3. Leave Travel Allowance#incometax #itr #incometaxreturns #lta #savetaxes #stockmarket #sharemarket

  4. Tax saving 10 important points #taxsaving #hindi #shorts

  5. Why did IBM leave India?

  6. LTA

COMMENTS

  1. IBM Benefits

    19 IBM Retirement Benefit Account (RBA) 19 IBM 401(k) Plan 20 Financial Benefits 20 IBM MoneySmart. 20 Additional Financial Support 21 IBM Group Life Insurance Plan 22 Disability Coverage 22 MetLife Legal Plans . 2. 3. Time Off & Leaves. 23 Holidays 23 Personal Choice Holidays 2 3Vacation 23 Personal Sick Time 24 IBM Leaves Program. 25 ...

  2. IBM Employee Perks & Benefits

    IBM's benefits package is estimated to be valued at $8,874 per employee. This includes Insurance, Health & Wellness, Home, Financial & Retirement, Perks & Discounts, Transportation, and Other benefits. ... Transport allowance. ... Business Travel Accident Insurance Plan. Up to five time's annual compensation ($50,000 minimum). IBM MoneySmart.

  3. Leave Travel Allowance (LTA)

    No expenses such as local conveyance, sightseeing, hotel accommodation, food, etc., are eligible for this exemption. The exemption is also limited to LTA provided by the employer. For example, if LTA granted by the employer is Rs 30,000, and the actual travel cost incurred by the employee is Rs 20,000, then only Rs 20,000 will be available as ...

  4. How Leave Travel Allowance Works: A Complete Guide

    Leave Travel Allowance (LTA) is a type of benefit employers can offer to their employees to cover travel costs for vacations. Essentially, it's a way to encourage employees to take time off and travel, helping them refresh and return to work re-energized. This allowance typically covers travel expenses incurred by the employee during their leave.

  5. Understanding the payslip

    Emp No : 6 digit IBM employee id. PERNR : 8 digit personnel number associated with your employee id. Location : Employee base location as per HR records. ... Leave Travel Allowance and Medical expenses for the Financial Year.You have to submit claims towards Leave Travel Allowance and Medical expenses for availing exemption. Form 16 summary ...

  6. PDF FBP Documents Details

    rejected) :- LTA (Leave Travel Allowance) DECLARATION 2. Travel is within India only 3. Declaration claiming that employee travelled by the shortest route. 4. Family details stated in hard copy attachment/email. ... **Note: Please write to [email protected] for any further clarification or assistance or you may initiate a chat with us between ...

  7. IBM Employee Benefit: Vacation & Paid Time Off

    4. There are unlimited sick leaves. Very nice work life balance. Okay it is good and best. It is very difficult to get vacations, it is unlikely that you will get 22 days off in a year, which is the minimum balance of paid leaves at the beginning of the year. a good company with values.

  8. Recovery FAQ's

    Ex: If an had joined IBM on 01-01-2015 and is separating with an effective date of separation of 02-10-2018, then he/she would have accrued 16.5 days of privilege leave for the 275 days of active service in 2018. Refer to this article for more details - Vacation / Privilege leave. 3b) What is leave balance recovery or negative leave balance?

  9. LTA: Meaning & Conditions to claim Exemptions- Learn by Quicko

    Medical allowance is exempt up to INR 15,000 on a reimbursement basis. Children education allowance is exempt up to Rs. 200 per child per month up to a maximum of two children. Conveyance allowance is exempt up to a maximum of Rs. 1600 per month. Understand what is LTA (Leave Travel Allowance), the associated tax exemptions and the condtions ...

  10. Travel allowance: A Comprehensive Guide for Employees

    Travel allowance is a type of compensation employers provide to cover employee travel expenses incurred when traveling for business purposes. It helps with employee travel costs, such as transportation, lodging, meals, and other incidentals while on the job. Depending on the company policy, travel allowance may be given in cash or as reimbursed ...

  11. Flexible Benefit Plan in salary: meaning, process, & benefits

    Leave travel allowance: Many companies these days encourage their hard-working employees to take a break and go on vacation. Some companies also offer monetary benefits, like leave travel allowance, as part of their flexi benefit plan to motivate their workforce. These can be availed twice in four block years.

  12. Vacation / Privilege Leave (PL)

    The 22 days are credited to employees in advance at the start of the year. Vacation Leave (PL) accrues at a rate of 0.06 days per day of active service. Therefore for separating employees the leaves are prorated and rounded off based on the number of days of service in the year. Ex: If an Employee had joined IBM on 01-01-2020 and is separating ...

  13. Travel & Transportation industry solutions from IBM

    IBM industry solutions works alongside companies like Apple, AWS and Amadeus (links reside outside ibm.com) to help travel and transportation organizations transform business. Join travel and transportation leaders 26-28 September in Lisbon, Portugal to discuss passenger experience, revenue growth, operations efficiency and innovation.

  14. Leave Travel Allowance Exemption: A Comprehensive Guide

    Leave Travel Allowance (LTA) is a popular tax benefit provided by employers to their employees in India. It allows employees to save taxes on travel expenses incurred during their vacations within the country. In this comprehensive guide, we will delve deeper into the concept of LTA, how it works, and the rules and regulations surrounding it.

  15. Understanding the LTA & its benefits

    LTA stands for leave travel allowance. This allowance is provided by the employer to cover the travel expenses of the employee when he is gone for a holiday trip. Leave Travel Concession is another name of LTA. This allowance is exempt from the tax under section 10 (5), Income Tax Act, 1961. LTA Exemption Rule-.

  16. LTA Calculator: What Are The Leave Travel Allowance Rules?

    LTA Calculation: Leave Travel Allowance (LTA) or Leave Travel Concession (LTC) is a common tax exemption available to salaried employees in the government and private sector. LTA is a part of the ...

  17. Leave Travel Allowance (LTA)

    Leave Travel Allowance or LTA is a type of allowance given to the employee by employers for travel. It covers within-country travel costs when he/she is on leave from work. Section 10 (5) of the Income Tax Act, 1961 with Rule 2B ensures the exemption of tax and also details the conditions subject to tax exemption.

  18. Ways to Save Income Tax in India

    Under the Leave Travel Allowance or LTA benefit, you can get tax exemptions for expenses incurred while travelling within India for vacations. This includes costs for travel, accommodation, and even food up to certain limits. So save those travel receipts. Loan for buying an Electric Vehicle.

  19. Bonus & Allowance recoveries

    Miscellaneous allowance: Paid at the time of joining IBM for any special terms in your offer letter/ employment contract. Earned date is 1 year from date of joining IBM. Domestic Travel Allowance: This allowance is paid when you relocate to a different city in India for a business purpose. The amount would be recovered if an employee leaves the ...

  20. Understanding LTA & its benefits

    LTA stands for leave travel allowance. This allowance is provided by the employer to cover the travel expenses of the employee when he is gone for a holiday trip. Leave Travel Concession is another name of LTA. This allowance is exempt from the tax under section 10 (5), Income Tax Act, 1961.

  21. All you need to know about Leave Travel Allowance (LTA)

    Ashita Saini May 29, 2021. Leave Travel Allowance (LTA) is the most common element of compensation adopted by employers to remunerate employees due to the tax benefits attached to it. LTA is the remuneration paid by an employer for employee's travel in the country, when he is on leave with the family or alone. LTA amount is tax free.

  22. LTA: Leave Travel Allowance |Calculation & income tax exemption

    Get smarter with Masterclasses by LLACapital Gain Masterclass: cg.lla.inEmployee Rights Masterclass: er.lla.inTax Planning Course: https://www.taxplanningfor...

  23. Leave Travel Allowance (LTA): Eligibility, Rules, and Benefits

    11650. Leave Travel Allowance (LTA) is the most common element of compensation adopted by employers to remunerate employees due to the tax benefits attached to it. LTA is the remuneration paid by an employer for employee's travel in the country, when he is on leave with the family or alone. LTA amount is tax free.

  24. Leave Travel Concession/Allowance (LTC/LTA)

    Leave Travel Concession (LTC) is a benefit provided by employers to their employees to travel within the country during their leave period. The objective of this benefit is to encourage employees to take a break from work and explore new places while spending quality time with their family. Section 10 (5) of the Income Tax Act, 1961 with Rule ...

  25. PDF Concur Expense: Travel Allowance Setup Guide

    Step 5: Work with reimbursable (actual expenses) allowances. If the travel allowance configuration includes reimbursable expenses, the user creates the associated expenses on the expense report. Expense calculates the reimbursement amounts. The following pages describe the entire process in detail.

  26. What is leave travel allowance? How do I use it?

    Salaried employees who get leave travel allowance as a part of their CTC, can claim a tax deduction on the expenses incurred during the travel. The tax deduction can be claimed for travel for self and members of the family (includes spouse, children and parents, brother, sister, if wholly dependent on assessee ) for the journey undertaken ...

  27. IBM Database Administrator (Db2

    Salary. £41,206. (Croydon £44,938) Salary is inclusive of £4,609 (non-pensionable) IT allowance. A Civil Service Pension with an average employer contribution of 27%.

  28. How Far In Advance Can You Book A Flight? Smarter Air Travel Tips

    Booking flight tickets can be done quickly online. Photo by Prostock-studio on stock.adobe.com. You can book flights as early as 11 months (or 330 days) in advance. However, different factors affect the actual days you can book in advance. Each airline has a foreign policy on how early they open their booking windows.

  29. International Travel Checklist: What To Bring For Your Trips

    Makeup. Razors. Pain relievers. Insect repellent. Always prioritise things you can't leave without over things that are nice to have for your international travel packing list. For a smooth check-in, abide by the 3-1-1 rule for liquids. Packing these items into a toiletries bag is also neat. 6. Miscellaneous.