HR & Tax News – TheNews “Leave travel concession-LTC”
The scheme is meant for employees who are unable to claim LTC benefit in the four-year period of 2018-21. However, it is likely to be more beneficial to government employees as they receive LTC benefits in addition to their salary. For the private-sector employee, on the other hand, the LTC is usually a part of the CTC. If it is not claimed, it is paid to them after-tax deduction.
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