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LTC claims News

Income tax exemption

29 Oct 2020

Income-tax exemption for payment of deemed LTC fare for non-Central govt staff

It has also been provided that since the cash allowance of LTC fare is in lieu of deemed actual travel, the same shall be eligible for I-T exemption To provide benefits to other employees, it has been decided to provide a similar I-T exemption for the payment of cash equivalent of LTC fare to the non-Central staff Accordingly, the payment of cash allowance, subject to a maximum of Rs 36,000 per person as Deemed LTC fare per person (Round Trip) will be allowed

Central government employees

12 Jan 2016

Great news for govt employees! Govt eases application and settlement of LTC claims

The government has eased LTC rules to remove bottlenecks and simplify the procedure of application and make processing of LTC claims time bound.

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