Tourism Breaking News
The central government has issued new guidelines for the Leave Travel Concession (LTC) availed by employees, which will now include air tickets. The Centre in a missive sent to all central ministries and departments said that the Department of Expenditure’s circular from June regarding air travel on government duty will also be applicable for air travel for LTC.
The circular stated that air tickets to be availed under LTC shall be only bought from three Authorised Travel Agents (ATAs), which are Balmer Lawrie & Company Limited, Ashok Travels and Tours and Indian Railways Catering and Tourism Corporation. LTC is an allowance given to employees for meeting travel expenses when the employee is on leave from work. The same is exempted from tax under the Income Tax Act.
