Under Rule 2B, exemption will be available in respect of 2 journeys performed in a block of 4 calendar years commencing from the calendar year 1986. Where such travel concession or assistance is not availed by the individual during any block of 4 calendar years, one such unavailed LTC will be carried forward to the immediately succeeding block of 4 calendar years and will be eligible for exemption.
Example:
An employee does not avail any LTC for the block 2014-17. He avails it during
2018. He is allowed to carry forward maximum one such holiday to be used in the succeeding block. Therefore, he will be eligible for exemption and two more journeys can be further availed.
my question is - if I have not claimed any q in block 2014-17, then can I claim LTA thrice in the block 2018-21 or can I claim it 4 times??
1 Replies
MOHAMMED IMRAN
(1020 Points)
Replied 21 January 2019
if you're not claimed any LTC in previous block of 4 calendar years. then, you are able to claim 3 (three) LTC in that block (in your case in 2018-21)of four years
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