The tax rules provide for a deduction only in respect of two journeys performed in a block offour calendar years. The blocks are decided by the government. They are 2010-2013, 2014-2017 and so on.The current block is for 2018-2021. Please note thatthese blocks are not financial years (...
The rules surrounding the LTA have grown increasingly complex and restrictive. Broadly speaking: The standard LTA is £1,073,100 and will remain unchanged until at least April 2026. A variety of higher LTA limits continue to apply if earlier protections have been claimed. If you are entitled ...
LTA stands for Leave Travel Allowance. It is an important component of employee’s wage structure. What does LTA mean at work? Can I claim LTA without travelling? People also look for: Allowances Non Taxable Allowances Dearness Allowance ...
Leave Travel Allowance (LTA): Find out the meaning, eligibility, claiming process, exemption limit, section, and stay updated with the latest developments.