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LTC Claim Rules Relaxed For Central Government Employees

Central government employees have been allowed a privilege as all those who failed to claim their benefit pertaining to LTC or leave travel allowance by May 31, 2021 can do so yet again. For the same, the ministry of Finance' DoE ...

7th Pay Commission; LTC Scheme Deadline Extended Again, Check Latest Date Here

The central government has extended the deadline for the complete and final settlement of bills relating to the LTC special cash package program, providing relief to central government employees. Many employees' CTC packages contain a leave travel concession (LTC). According to ...

Last Date For LTC Claim/Bill Submission Extended, Check Details Here

The deadline for submitting bills/claims under the LTC Special Cash Package Scheme has been extended by the Central Government. Employees of the Central Government can now submit bills/claims under the scheme before the end of the month (April 2021). The claims, ...

From EPF Contribution To TDS: Here Are The 5 Rules That Will Change From 1st April 2021

While proposing the Union Budget 2021, Union Finance Minister Nirmala Sitharaman proposed a new streamlined income tax system to provide support to the salaried elite. The reforms to the income tax system that concern the salaried class will come into force ...

LTC Scheme: Now Insurance Premiums Paid Also Eligible For Reimbursement

According to the Ministry of Finance, premiums paid for insurance policies purchased between 12 October 2020 and 31 March 2021 will be eligible under the leave travel concession (LTC) cash voucher scheme introduced last month for central government employees. The beneficiaries ...

Spouse, Family Members Of Govt Employees Can Purchase Under LTC Cash Voucher Scheme

In the latest set of FAQs (Frequently Asked Questions), the Department of Expenditure announced that central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members. To a ...

LTC Cash Voucher Scheme: Here Is How Much Tax Benefit Private Sector Employees Can Reap

The income tax exemption provided as part of the LTC cash voucher scheme will now also be available to employees of the state government, state-run units and private sector. Previously, the centre on October 12 announced payment of allowance as cash ...

Tax Benefit On Govt's LTC Cash Voucher Scheme Not Available Under New Tax Regime

On Thursday, the finance ministry clarified that tax benefit from the recently announced Leave Travel Concession (LTC) cash voucher scheme will not accrue to those who have opted for the new income tax regime. The ministry's statement on Thursday explained that ...

LTC Cash Voucher Scheme: Here’s All You Should Know

In a bid to lift consumer demand as it came to fore that savings of government and organized sector staff was seen rising amid the pandemic, Finance Minister Nirmala Sitharaman on Monday announced the leave travel concession (LTC) cash voucher scheme. ...

FM Announces Tax Free LTC Cash Voucher Scheme For Govt Employees: Details Here

On Monday, in a press conference to address economic issues, Finance Minister Nirmala Sitharaman announced proposals to stimulate demand in the Indian economy. As part of the initiative to increase consumer spending, the FM announced an LTC Cash Voucher Scheme for government ...

How To Claim Income Tax Exemption On LTA?

To claim income tax exemption on leave travel allowance or leave travel concession (LTC), you need to be familiar with the eligibility criteria. This component (LTA) can be most likely be part of your overall CTC but cannot be treated as ...

Central Govt Employees May Soon Be Able to Vacation Abroad on LTC

According to a PTI report citing top officials, the central government is considering allowing its employees to go abroad on Leave Travel Concession (LTC). The sources further said that a proposal has been finalized by the Personnel Ministry for the same, ...

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