Beruflich Dokumente
Kultur Dokumente
57th
Dec 2014
EDITION
This benefit is extended to assist employees in meeting the expenses in connection with travel for
themselves and their family members while on annual leave, in accordance with the Income Tax
rules.
The eligibility for LTA is on a calendar year basis. A newly joined employee who is eligible for LTA,
can claim the first LTA only after completion of 6 months service
Employees are entitled to receive LTA of an amount not exceeding their entitlement every calendar
year.
Only 2 journeys in a block of 4 years is exempt from tax. The current block is 2014-2017, i.e.
January 1, 2014 to December 31, 2017
For the purpose of claiming LTA, an employee has to avail 5 days of leave. However an employee
can also claim LTA by availing leave for a minimum of 3 working days so long as the leave is
prefixed or suffixed to the weekly holiday. Proof of having availed leave i.e. an output from OTL has
to be attached to the LTA claim application.
Employees can claim LTA by filling in the claim form (available on the webpage) and submit the
same to payroll together with proof of availing leave and documentary evidence of travel expenses
in original.
For
more
details
on
the
policy
&
procedure
please
http://my.oracle.com/site/hr/RegionalSites/India/India_Handbook/leave_travel/leave_travel
refer