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LTC CASH SCHEME
Budget 2022 should extend LTA cash voucher scheme due to continuing COVID-19The resurgence in Covid cases in FY 2021-22 further hampered travel within the country. Further, the recent surge due to the Omicron varian...- Forgot to submit LTC cash scheme bills to employer? You may be able to claim tax break in ITRWhat happens if the bills were not submitted to the employer before the March 31 deadline under the LTC Cash Voucher Scheme? As per charter...
- How to claim LTC Cash Voucher exemption in your income tax returnAs per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption o...
- Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extendedThe LTC Cash Voucher scheme was announced by the Finance Minister Nirmala Sitharaman in October 2020 to boost consumer demand and to provid...
- LTC Cash Voucher Scheme: 42 queries answered by governmentThe government has announced the LTC Cash Voucher Scheme in lieu of LTC travel scheme via a press conference dated October 12, 2020. As the...
- 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...
- Prepay these common services to avail LTC Cash Voucher Scheme benefitServices that attract more than 12 per cent Goods and Services Tax (GST) include TV DTH recharge (TATA Sky, Airtel Digital TV etc.), Intern...
- LTC Cash Voucher Scheme notified in Budget 2021The benefit of the LTC Cash Voucher scheme is available in the old tax regime. If an individual opts for the new tax regime, then tax benef...
- How central government employees can avail benefit under LTC cash voucher schemeHere is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued ...
- 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...
- Employees can buy goods in family member's name under LTC scheme: Finance MinistryGovernment on October 12 announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of ...
- No additional compliance burden on private companies for LTC scheme: Finance SecretaryUnder the new scheme, employees will have to submit to their companies bills indicating expenditure of an amount 3-times of the LTC. The co...
- Delhi government employees need to purchase only from city-registered dealers to avail LTC scheme benefitsDelhi government employees welfare association general secretary Umesh Batra welcomed the decision, saying it will stimulate consumer deman...
- No LTC cash scheme under new income tax regimeThe guidelines allow extension of the facility to public sector, private sector and state government employees, provided they spend three t...
- Govt employees can submit multiple bills to avail LTC cash voucher scheme benefitThe Expenditure Department, under the Ministry, has issued a set of FAQs (Frequently Asked Questions) on LTC cash voucher scheme, clarifyin...
- 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...
- UP approves special festival package, advance payments to state employees"Keeping in view the broad objectives of the special festival package for central government employees and the scheme for making advance pa...
- Government to give cash vouchers to staff in lieu of LTC this year: Finance MinisterFinance Minister Nirmala Sitharaman said the employees could buy items that attract 12 per cent or more goods and services tax (GST). These...
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