1. #1
    Unregistered

    Difference between LTC and LTA? Can I get the payment if not availed and frequency to take?

    I am an MBA student and want to know what is the difference between LTA and LTC? Suppose a person does not avail them can he get payment for the same? And how frequently should they must be taken?

  2. #2
    Ashutosh Tiwari Array
    Join Date
    Sep 2012
    Posts
    105

    Re: Difference between LTC and LTA? Can I get the payment if not availed and frequency to take?

    Dear friend,

    The basic difference between LTA and LTC is as follows -
    LTA means Leave Travel Allowance (fully taxable) and its a fixed amount, whereas LTC refers to Leave travel Concession which is not taxable as per the guidelines of section 10(5) of ITR.
    Besides these two terms there is one more term which is known as Leave travel assistance, people get confused by this term as its short form is also LTA, actually both LTA(assistance) and LTC are the same and not taxable, but LTA(allowance) is taxable.

    If a person does not avail them he may apply for the reimbursement of amount allotted under the HR policies of the organization.

    All the best.

  3. #3
    nikhil202k Array
    Join Date
    Jul 2012
    Posts
    336

    Re: Difference between LTC and LTA? Can I get the payment if not availed and frequency to take?

    travel.jpg




    Difference Between LTC and LTA :
    LTC stands for Leave Travel Concession and LTA stands for Leave Travel Allowance .In case of Leave Travel Concession offered or discount provided by Indian Government .

    It has several type of restriction and you can travel first four years and you can travel journey via short route .

    But in case of Leave Travel Allowance there is no discount or voucher will be provided by government and amount will be paid by Employee .But LTA offers a flexibility and you have to make a travel plan by different modes and by routes .



  4. #4
    venki Array
    Join Date
    Jan 2013
    Posts
    344

    Re: Difference between LTC and LTA? Can I get the payment if not availed and frequency to take?

    hello friends...

    the following are the differences between the LTC and LTA:

    LTC means leave travel concession

    LTA means leave travel allowances


    LTA is a fixed amount and fully taxable



    LTC is not fixed and not fully taxable

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