Avail of cash scheme if you have planned expenses in festive season

Employees need not miss out on LTC benefit in the current block of 4 years

Finance Minister Nirmala Sitharaman announced on Monday that central government employees will be given cash vouchers this year in lieu of leave travel concession (LTC) fare. These vouchers can be spent on buying non-food items that attract goods and services tax of 12 per cent or above. This scheme may also be extended to state government and private sector employees, provided a state government or an employer wants to offer it.

Can’t travel? Take cash

LTC benefit has to be availed of by employees within a block of four years. The current block is 2018-2021, i.e., from January 1, 2018,