Nirmala Sitharaman asks various ministries to front load capex; explore PPPs for viable projects – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of … Read more

LTC income tax exemption for private employees: Here’s how to understand the tax calculation

New Delhi: In the wake of the COVID-19 pandemic and resultant social distancing, several employees are not able to avail of Leave Travel Concession (LTC) in the current Block of 2018-21. The Government, with a view to compensate employees and incentivise consumption, has allowed payment of cash allowance equivalent to LTC fare to Central Government … Read more

Can you avail LTC cash voucher benefits if purchase made in family’s name? Here’s all you should know

New Delhi: The Modi government has allowed payment of cash allowance equivalent to LTC fare to Central Government employees subject to fulfilment of certain conditions. To avail LTC voucher scheme benefits, employees are allowed to submit multiple bills to avail benefits. The Finance ministry has issued clarifications regarding queries being recieved in respect of special … Read more

Modi govt’s LTC Cash Voucher Scheme for employees: 3 things you want to know

New Delhi: In what could give a major boost to the government employees, Finance Minister Nirmala Sitharman recently announced a host of schemes.  The Finance Minister said that the Centre will launch `LTC Cash Voucher Scheme` and `Special Festival Advance Scheme`. The Finance Minister also announced a special festival advance of Rs 10,000 for all … Read more