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Lta, Telephone & Professional Development Guidelines
Lta, Telephone & Professional Development Guidelines
Lta, Telephone & Professional Development Guidelines
Note:
➢ LTA can be claimed exempt from income tax only in respect of two journeys performed in a block of four calendar
years. The current block of four years is (2018 to 2022).
➢ If the journey is through taxi, the amount to be taken as tax exempt would be the air-conditioned first-class rail
fare through the shortest route, or amount actually spent, whichever is less. The travel cost eligible for exemption
should be for the shortest route to any place in India. Where the journey has been performed by air, the amount
exempt is the economy airfare of the national carrier by the shortest route to the place of destination.
➢ “Family” in relation to an individual means Spouse, children, and dependent parents only.
➢ Local conveyance will not be considered for exemption
TELEPHONE REIMBURSEMENT:
PROFESSIONAL DEVELOPMENT
➢ Bills should pertain to current financial year and it should be in the name of the associate.
➢ Soft copy of the bill is mandatory, and it should be digitally Signed or invoice with seal and signature.
➢ Reimbursement can be claimed for course fee, registration fee, examination fee, membership fee and the amount
incurred for study material on pursuing any professional course.
➢ Incase if the course fee paid in other currencies like USD, EURO, CAD, etc., employee should provide the credit
card/bank statement showing INR conversion value.
➢ Declaration from the associate stating that the expenditure incurred for his/her professional development.