Ministry of Finance clears the air on misinterpretation of LTC stimulus and its benefits

Finance Ministry issues Press Release to clear the air with respect to news report creating an  impression that LTC voucher scheme for Government employees may not be attractive & that "They would be better off paying taxes on the LTC amount availed instead”; Explains that “Unfortunately, the piece which it relies on has a serious factual error in its understanding of how Government LTC works. It is based on the erroneous assumption that leave travel money can be...