Government & Non-government (private sector) employees that have not opted for the new concessional tax regime introduced from this financial year, i.e. if you are still going to pay tax as per the old system that existed in Financial Year 2019-2020.
As a parent, you need to
The scheme was started by the government from 12 October 2020
The scheme is valid on all purchases made till 31st March 2021
As a result of COVID, many employees will be unable to make the most of their LTC, and should they belong to the four-year LTC block of 2018-21, their LTC could go unutilized.
Leave Travel Concession (LTC) or Leave Travel Allowance (LTA) is a salary component offered by many companies as part of an employees Cost to Company (CTC). It is used to provide remuneration against personal travel expense and can be claimed a maximum of twice separately in a four-year period (alternatively for both in a single shot).
Payment must be made through a digital only mode to avail this scheme.
No, this scheme is offered only to those individuals who make a one-time payment for purchasing a Career Launcher / ICE GATE program.
Yes, you can. However, please ensure that you make your payment through a digital mode, and that you opt for the one-time payment discounted price.