Lta/ltc exemption as pe it act

Amount paid for Travelling is allowed as exps under LTA

Amount Exempted

1. Journey performed by Air - Economy Air fair of National carrier by the shortest route or the amount spent which ever is less will be exempt
2. Journey performed by Rail – A.C.firstclass rail fare by shortest route.or amount spent which ever is less will be exempt.
3. Place of origin and destination place of journey connected by rail but journey performed by other mode of transport - A.C. first class rail fare by shortest route or amount spent which ever is less.
4. Place of origin& destination not connected by rail(partly/fully) but connected by other recognised Public transport system - First class or deluxe class fare by shortest route or amount spent which ever is less.
5. Place of origin& destination not connected by rail(partly/fully) and not connected by other recognised Public transport system also – AC first class rail fare by shortest route (as the journey had been performed by rail) or the amount actually spent ,which ever is less.    

Exemption On actual Expenses Only:The amount of exemption is Limited to actual expenses only .Means allowed only if actual journey is performed.
 

Hope this clarify your doubt

Dear,

As per provisions of IT act employee has to travel alongwith parents to be eligible for LTA exemption.

What If parents join in between of journey, whether the total exemption related to parent portion will not be given or partial.

For e.g:

Suppose an employee starts journey from A and reaches to D via B and C.

Parents join at point B and come back to B alongwith family. whether there will be any LTC exemption for parents portion. ??

Please reply quoting some supporting case law and provisions.

Dear,

As per provisions of IT act employee has to travel alongwith parents to be eligible for LTA exemption.

What If parents join in between of journey, whether the total exemption related to parent portion will not be given or partial.

For e.g:

Suppose an employee starts journey from A and reaches to D via B and C.

Parents join at point B and come back to B alongwith family. whether there will be any LTC exemption for parents portion. ??

Please reply quoting some supporting case law and provisions.