Essential details on Leave Travel Allowance for ITR filing
Employees on a payroll can seek Leave Travel Allowance (LTA) for a maximum of two domestic trips inside India within a four-year block. You are permitted to claim both journeys in a single year. This benefit strictly applies to travel expenses and excludes costs like accommodation, meals, tours, or retail purchases. Please note that the LTA tax exemption is only applicable if you opt for the old tax regime.