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LTA vehicles are a new concept design of vehicles that are "lighter than air." LTA projects are often seen in schools to test students ability to design. LTA vehicles may be constructed with balsa wood, balloons, epoxy, and helium.

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Q: What is a LTA Vehicle?
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How do you claim LTA?

You need to first be on a travel with your family. The travel expense (bus/train tickets) can be claimed as LTA If you get LTA as a fixed amount each year, you submit this proof to avail tax benefit. If your company reimburses LTA, then you submit this proof and get the money reimbursed.


How much tax will be on LTA?

You can claim LTA only two times in a block of four years. Anyways, If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 25,000/- the remaining 25,000 is fully taxable and you will pay tax as per your tax slab If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 55,000/- the full 50,000 is tax free


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What does LTA stand for in sport?

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Full If you were not on leave when the travel happened, you cannot claim LTA Tax benefits. The full amount will be taxable


What is the LTA policy in India?

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