Private sector employees, non-central govt staff eligible for I-T exemption under LTC cash voucher scheme

The Income Tax Department on Thursday extended the I-T exemption available under the LTC cash voucher scheme to employees of state governments, state-owned enterprises and private sector. The Central Board of Direct Taxes in a statement said that the payment of cash allowance, subject to maximum of Rs 36,000 per person as deemed Leave Travel Concession (LTC) fare per person (Round Trip) to non-central government employees, shall be allowed income-tax exemption subject to fulfilment of conditions.

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