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Employees opting for lower income tax rate ‘not eligible for LTC cash voucher scheme’

image Scheme's exemption element not compatible with I-T plan based on reliefs foregone
An employee, who opts for the income-tax structure with lower rates subject to forgoing exemptions, will not be eligible for the Leave Travel Concession (LTC) cash voucher scheme announced by the Finance Ministry earlier this week....................... BL

16-Oct-2020