Only the traveling cost is covered, you cannot claim expenses on hotel rooms, sightseeing, food, etc, cannot be included under LTA. For example Tarak works in New Delhi. He gets an LTA of Rs.20000. He goes for a vacation from New Delhi to Goa on business class air tickets for Rs.30...
it’s a one-time bonus triggered by specific reasons like a stellar project completion or covering unexpected work expenses. These payments are typically handled quickly to address the immediate need, and they may or may not be taxable depending on the situation...