Tag Archives: new LTC cash voucher scheme

The Center has recently introduced an LTC cash voucher system for central government and public sector employees. An employee is eligible for LTC and leaves a 10-day charge to travel to their hometown or any other destination twice in a four-year block. The cost of the ticket is exempt while …

Finance Minister Nirmala Sitharaman announced on Monday an LTC cash voucher program for central government employees to boost consumption ahead of the holiday season. Employees will now be able to purchase goods and services in lieu of the tax-exempt portion of the Leave Travel Grant or Leave Travel Permits (LTC …