Good and informative Article. The Author should also write as to how the LTA is availed. For example, Nationalised Banks allow you to select your destination within India once in four years and travel to Home town once in two years. Private Companies give fixed amount as LTA every year.
In case of private companies, suppose the amount given is Rs.20,000 per annum, whether the employee can travel anywhere he likes for Rs.20,000/-
Nationalised Banks allow your family to travel alone provided the employee avails LTC for himself within six months or before six months.
