Finance Ministry extends I-T exemption under LTC cash voucher scheme to non-central government employees

By -
Oct 30, 2020
 , 
8:16AM

Finance Ministry extends I-T exemption under LTC cash voucher scheme to non-central government employees

File Pic
Government has decided to extend the income tax exemption available under leave travel concession (LTC) cash voucher scheme to non-central government employees also to boost consumer spending. Non-central government employees will include employees of state governments, public sector enterprises, banks and private sector.
 
The move will allow non-government employees also to claim tax free cash allowance from their employers if a LTC scheme similar to one in the government sector is included in their working contract.
 
The goods and services should be purchased only from GST registered vendors through digital mode. Employees should make this payment during October 12, 2020 to March 31, 2021.
 
The government on October 12 announced giving out cash vouchers to central government employees this year in lieu LTC fare which could be spent only on buying non-food items with GST rate of 12 per cent or above.

Popular posts from this blog

Health Ministry launches informational video series ‘COVID GuruKool’ on social media platforms

By -
Image
Jul 06, 2021 ,  1:58PM Health Ministry launches informational video series ‘COVID GuruKool’ on social media platforms @MoHFW_INDIA Health Ministry has launched COVID GuruKool, an informational video series on its social media platforms. It is aimed at disseminating authentic information on COVID-19 pandemic and it's vaccination program. Leading public health experts, policy makers, doctors, scientists and health professionals will participate in the series and will help in sensitisation of people towards Covid appropriate behaviour and bust the myths around the vaccines.
Read more

Massive rescue and search operation continues in Chamoli district, Uttarakhand

By -
Image
Feb 10, 2021 ,  8:46PM Massive rescue and search operation continues in Chamoli district, Uttarakhand AIR Pics In Uttarakhand, a team of more than 800 personnel comprising various forces including marines from Navy continued rescue and search operation throughout the day at the calamity site in Chamoli district. Two more bodies were recovered today and the death toll has reached 34 now. AIR Correspondent covering the calamity reports that around 170 people are still missing and some of them are feared to be trapped in the tunnel. Around 170 people are still missing and 25 to 35 persons are feared to be trapped in the tunnel. The herculean effort to reach the trapped people through the slush and heavy boulders continued on the fourth consecutive day at the calamity site in Chamoli district. Although the team has only reached till 120 meters inside the tunnel and backflow of water is making their task more difficult.  DG of ITBP SS Deswal said that it is report...
Read more

Pradhan Mantri Fasal Bima Yojana completes 5 years; govt urges farming community to take advantage of scheme

By -
Image
Jan 13, 2021 ,  9:08AM Pradhan Mantri Fasal Bima Yojana completes 5 years; govt urges farming community to take advantage of scheme @pmfby The Centre has urged the farming community to take advantage of the Pradhan Mantri Fasal Bima Yojana (PMFBY), which has completed 5 years yesterday, in order to become "self-reliant farmers". In a statement, the Union agriculture ministry said claims worth 90,000 crore rupees have so far been disbursed to farmers since the launch of the scheme on 13th January 2016.   The Central Government’s flagship crop insurance scheme - the Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully completed 5 years of its operation.   The government took a historic step towards strengthening risk coverage of crops for farmers and approved the scheme on 13th January, 2016. The scheme was conceived as a milestone initiative to provide a comprehensive risk solution at the lowest uniform premium across the country for farmers. In th...
Read more