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Tuesday 13 October 2020

Should you spend Rs 3 lakh to get Rs 30,000 LTA tax sop?

The government is banking on a widespread private sector participation to boost the leave travel concession (LTC) cash voucher scheme. As is the case of most such schemes, it is designed for central government employees, with suggestions to extend it to a larger base in the private sector, where leave encashment along with leave travel allowance (LTA) is not the norm.

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