Leave travel allowance exemption. It covers only the travel fare, not the holiday, and only two journeys in each four year block, and it is unavailable under the new regime.
Also called: leave travel allowance, lta claim calculator.
₹45,000 exempt of the 60,000 received, leaving ₹15,000 taxable and ₹4,500 of tax. Two journeys are allowed in each four year block, so 1 remain.
Computed from the published rates for the tax year you selected, which is not necessarily the current year. A calculation, not tax advice, and it does not know anything about your circumstances beyond the figures entered.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
The exemption is the lower of the LTA received and the actual travel cost, restricted to fare only. Hotels, meals, local transport and anything else on the trip are not covered, which surprises people who assume the allowance funds a holiday. Two journeys are permitted in each four calendar year block, and travel must be within India. The exemption is not available at all under the new regime, so it is only relevant if you are on the old one.
the exemption is the lower of what you received and what you actually spent on travelEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Exempt amount₹45,000
The lower of 60,000 received and 45,000 spent
Open this exampleExempt amount₹0
boundary: the two journey limit
Open this exampleExempt amount₹0
degenerate case
Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator