LTA stands for Leave Travel Allowance, which is a type of allowance provided by an employer to their employee for travelling to any place in India while on leave from work. It is an important component of an employees salary as it is eligible for income tax exemption as per the Income Tax Act, 1961. Only individuals can claim LTA for travel costs incurred for themselves and their family, including spouse, children, wholly or mainly dependent siblings, parents. The LTA tax exemption claim can be made for domestic travel of self or family members, and it is not available for more than 2 children if born after October 1, 1998. The eligibility criteria for claiming LTA include that the employee can claim LTA only for two journeys in a block of four calendar years, and the block years for the LTA purposes are decided by the government. The amount paid under LTA is tax-free under Section 10 (5) of the Income Tax Act, but there are some rules related to the exemption. The procedure to claim LTA is generally employer-specific, and every employer announces the due date within which LTA can be claimed by the employees and may require employees to submit proof of travel such as tickets, boarding pass, invoice provided by travel agent, etc., along with the mandatory declaration.