LTC tax exemption for personal workers: here is how exactly to comprehend the taxation calculation

LTC tax exemption for personal workers: here is how exactly to comprehend the taxation calculation

The worker workouts a choice for the LTC that is deemed fare lieu associated with relevant LTC within the Block 12 months.

Shows

  1. Govt is designed to make up workers, incentivise consumption.
  2. Govt has permitted re re re payment of money allowance equal to LTC fare.
  3. Worker can exercise choice for Block 12 months.

New Delhi: within the wake for the COVID-19 pandemic and resultant distancing that is social a few workers aren’t able to avail of allow Travel Concession (LTC) in the present Block. Continue reading