Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Here's how much tax you will save. As part of a stimulus package to boost consumption in an economy hit hard by the Coronavirus pandemic, the government announced the LTC Cash Voucher Scheme for its employees. These employees can claim tax exemption on the travel fare encashed if the amount is spent by satisfying specified conditions.
Employees in the private sector, state government, public sector units and public sector banks, can also avail the benefit of the scheme provided they follow the guidelines of the scheme. The FAQ answers queries regarding the number of transactions, whether purchases from e-commerce websites are allowed and what services are eligible under the scheme. Your legal guide on estate planning, inheritance, will and more.
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Central Government Employee? Representational image. Related News. Dow 30 closes above for first time in years — Know how to invest in index stocks. Stock Market. Most Read How to manage debt, risks, asset allocation before starting to invest. RBI imposes severe restrictions on this bank, imposes Rs 1, cap on withdrawals — check details.
ET Secure IT. Tax How to file ITR. Tax Saving. ITR Forms. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs. Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers. Personal Finance News. Mutual Funds. Here's how much tax you will save. Should you opt for the LTC cash voucher scheme? Preeti Motiani. Rate Story. Font Size Abc Small. Abc Medium.
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