Leave Travel Allowance [Sec. 10(5) AND RULE 2B] | LTA is compensation paid by an employer for an employee’s domestic travel while on family or personal holiday. LTA waiver can be claimed when the employer grants LTA to the employees for leave to any place in India taken by the employee and their family. Such deductions are limited to the amount of travel expenses actually incurred by the employee. Total holiday costs are not covered, only travel costs are covered. Required to travel within India and overseas destinations are not included in this exemption. For example, if the…