LTA Benefits: Can you claim for two consecutive years?

Answer: As far as the exemption in respect of LTA is concerned, there is no special provision with respect to the places to which the journey can be performed, so long as the journey is done within India, you will have to go to your home country. There is no need to go to the city. To be able to claim LTA benefits. Similarly, there is no restriction that the journey has to be taken in alternate years.

So anyone can claim the benefit of LTA In respect of any two visits during a block of four years. Therefore, in my opinion, both the trips in respect of the same block of four years can be done in the same year, provided the employer is willing to pay the amount of LTA during the same year. The current block of four years covers the calendar years 2018, 2019, 2020 and 2021. Since both these calendar years 2020 and 2021 fall in the same block, you can claim exemption for both these consecutive calendar years if you have not claimed. LTA Waivers for 2018 and 2019

Please note that LTA benefit can be claimed only for travel to any place in India, therefore, in respect of foreign travel, you can claim travel expenses only for the journey up to the airport from where you are traveling Begin your foreign trip. .

Balwant Jain is a tax and investment specialist and can be contacted on twitter.com at jainbalwant@gmail and @jainbalwant.