Union finance minister Nirmala Sitharaman on Monday addressed a press convention forward of the Items and Companies Tax (GST) Council meet she is scheduled to chair at 4pm as we speak.
Sitharaman introduced proposals concerning client spending and capital expenditure. Underneath client spending, she introduced proposals inside two components–LTC money voucher scheme and particular pageant advance scheme.
Right here’s all it’s good to know concerning the go away journey concession (LTC) money voucher scheme:
(1.) Central authorities staff get go away journey concession in a block of 4 years–one every to a vacation spot of selection and residential city or two for house city.
(2.) Underneath this, the air or rail fare is reimbursed as per pay scale/entitlement. Additionally, a go away encashment of ten days (pay+dearness allownace) is paid.
(three.) Nevertheless, since staff won’t be able to avail the LTC within the 2018-21 12 months block as a result of ongoing Covid-19 pandemic,