What is a block year?
What is the current block year for LTC? The Current Block Year of LTC is 2022-2025. The Grace Period or carry forward year of LTC is commonly used for availing LTC after completion of particular Block Year . The carry forward year for LTC Block year 2018-2019 is 2020 and for Block year 2020-2021 is 2022.
Can a fresh recruit govt servant avail of All India LTC anytime during the 4 year block?
Answer: No. A fresh recruit whose Home Town and Headquarters are same, cannot avail LTC to Home Town. He may avail LTC to any place in India on the fourth and eighth occasion only.
Which is current block year for LTC?
The current block of Four Year LTC period is 2022-2025.
Is LTC block year extended?
One year grace period is allowed for every 4 years block year. An employee will be allowed to avail LTC in 2022 with certain conditions fulfilled……
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How do I choose a block year for LTC?
For the purpose of LTC, block years are defined for two years starting January 1st of an even year (e.g. 2006) to December 31st of an odd year. Thus the current block year is 2006-07. If you do not avail LTC during this block year it generally lapses.
Is LTC applicable for FY 2021 22?
The scheme was valid only until March 31, 2021, i.e., for FY 2020-21. However, no benefit in this regard was extended in FY 2021-22.
Is LTC available for FY 2021 22?
What is current LTA block?
The current LTA block year is 9th block year which includes 2018, 2019, 2020 and 2021. List of exempted expenses under Leave Travel Allowance. By-Air travel expense- Air travel fare of economy class of national airline by the shortest air route or actual travel expense paid, whichever is less, exempt from tax.
What is the latest block period to claim LTA exemption?
You can claim LTA exemption for two journeys taken within a block of four years. The current block year runs from 1.1. 2018 to 31.12. 2021.
What is the current LTA block year?
The current block of four years covers the calendar years 2018, 2019, 2020 and 2021. Since both these calendar years 2020 and 2021 fall in the same block, you can claim the exemption for both these consecutive calendar years in case you have not claimed the LTA exemption for 2018 and 2019.