Payable towards reimbursement of cost of travel tickets associated with travel undertaken within India.  As per Income Tax Rules, tax exemption will be applicable on only two journeys during a block of four years. The prescribed block of 4 years would be April 2014 to March 2018 and so on. 

To avail of tax exemption on the applicable LTA amount the associate will be required to proceed on a minimum of three consecutive days of earned leave in India and undertake travel within India.

Unclaimed LTA eligibility will be carried forward to a maximum of one year. If unclaimed even at the close of the second financial year, it will be paid through the first payroll of the next financial year, post necessary tax deductions.