Could salaried individuals get tax exemption on LTA/LTC?

This could be possible. Reports suggest that Finance minister Nirmala Sitharaman announced measures to stimulate consumer spending and capital expenditure that would generate demand of Rs 1 lakh crore.

These measures include a scheme that offers tax-exempt payment of leave travel concession/allowance (LTC/LTA) to employees without the need for them to travel if the amount is spent as per specified conditions below. This benefit is available until March 31, 2021.