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LTC SCHEME CLARIFICATION
LTC Rule Changed: Central Govt employees must know these new instructions to claim LTC7th Pay Commission rules for Central Govt employees: In an Office Memorandum dated October 20, 2023, DoPT has modified instructions for boo...- LTC rules: 3 new changes that Central Govt employees must knowLTC new rules for Central Govt employees: In an Office Memorandum released earlier this month, the DoPT has mentioned how certain charges r...
- India Inc can now claim deduction for Covid supportOn Friday, the government exempted recipients from taxation for financial help received from employers or others to meet Covid-19 treatment...
- How private sector employees can avail tax benefit in LTC Cash Voucher SchemeGovernment has announced the LTC Cash Voucher Scheme for the central government employees which was later extended to the private sector em...
- 5 expectations of individuals from Budget 2021 todayFor the salaried class, the year 2020 was marred with job loss, pay cuts, higher inflation and so on. That is why many are hoping for annou...
- What the common man can expect from Budget 2021While various economic packages and reforms announced by the government in 2020 have no doubt kept the economy afloat, Budget 2021 is also ...
- Renewal insurance premium excluded from LTC cash scheme: Does this apply to motor, health covers?The FAQs No 3 issued by the Finance Ministry on LTC Cash Voucher Scheme does not clarify whether payment of insurance premium refers to all...
- Delay in LTC Cash Voucher Scheme notification may make it difficult to claim full benefitAlthough it has been almost a month since the scheme was announced many private sector companies have still not rolled out the scheme for t...
- Insurance premium paid between Oct 12-Mar 31 period eligible for reimbursement under LTC schemeHowever, payment of premium for existing insurance policies would not be covered under the LTC cash voucher scheme. "Payment of premium for...
- New tax regime doesn't allow LTC cash voucher tax benefit: ExpertsAs per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic...
- Tax relief for private company staff too for LTA spends on consumer goodsThe government is keen to ensure that private-sector employees are also nudged to take advantage of the scheme that seeks to prop up consum...
- SGX Nifty up 30 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 30.50 points, or 0.25 per cent higher at 11,992.50, in signs that Dalal Street was headed fo...
- LTC scheme an option to avail the benefit without travelling: FinMin clarifiesThe ministry said analysts raising doubts over the scheme were basing their arguments on the erroneous assumption that leave travel money c...
- Spend Rs 1,18,000 to get Rs 50,000! Can this stimulus work? FinMin shows howSitharaman on Monday announced a special scheme allowing encashment of leave travel concessions/allowance (LTC/LTA) and a special festival ...
- Visit anywhere in country on LTC: Government to unmarried employeesUnmarried central government employees can now avail benefits of Leave Travel Concession (LTC) for visiting any part of the country, as per...
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