Lta Exemption Limit For Ay 2024-25 202425 Exemption. Under the new tax regime (section 115bac), which is now the default for individuals, hufs, aops, bois, and artificial juridical persons, the exemption limit is ₹3 lakh,. The lta exemption is available for two journeys within a block of four calendar years.

Any amount paid above this limit is taxed under income. If the income of an individual is below the basic exemption limit then he is not required to file income tax returns.