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LTC cash voucher scheme

LTC cash voucher scheme

The Finance Ministry has taken a decision to continue to Leave travel concession (LTC) cash voucher scheme. it aims to boost consumer spending. it will allow non-government employees to have tax-free cash allowance.

LTC cash voucher scheme Objective

  • To increase consumer spending ahead of the upcoming Diwali festival.

Non-Government employees

  • It covers employees which are related to sectors such as public enterprises, state governments, banks and the private sector.

About Leave Travel Concession scheme

  • the employer compensates the travel cost and his/her family members to any place for a holiday. Only the travel cost is paid under the scheme. The extent of compensation is subjected to the designation of the employee.
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