InvestorQ : I have travelled in last financial year so can I apply for the LTA allowance for financial year 2020-21 ?
Ashwini Kadam made post

I have travelled in last financial year so can I apply for the LTA allowance for financial year 2020-21 ?

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Aswini Chikkodi answered.
2 months ago
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A salaried individual can claim LTA exemption twice in a block of four calendar years. This block is not calculated with reference to commencement of your employment, but is predefined by the law. The current block began from January 1, 2018, and will end on December 31, 2021. 

 The next block will be from January 1, 2022, to December 31, 2025, and so on. It is not necessary for you to claim LTA exemption in alternate years. So, according to the current government rules, you should be able to apply for LTA. However, you need to see whether there is a policy specific to your company that prohibits you from doing so.

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