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How is take home different from CTC? Upload your Form Start Investing Now. Start investing now or. Was this article helpful? Have a query? ITR Resources. There is a limit of two in case of children but travel expenses of dependent parents and siblings can be claimed under LTA.

Although vaccination for covid has started, it will take some time for the entire population to be vaccinated and we are seeing covid cases spiking. Therefore, those who are not planning to travel in this year can opt for this scheme, believe experts.

Therefore, if one has planned expenses as such, then he may opt for the cash voucher scheme," said Neha Malhotra, director, Nangia Andersen LLP. Therefore, if you have already spent or are planning to spend the amount eligible under the LTA scheme, you may opt for it.

If you plan to carry forward the LTA to the next block remember you can claim it in the first year only.

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