LTC rule: Govt employees can travel by Tejas, Vande Bharat and Humsafar trains

LTC rule: Govt employees can travel by Tejas, Vande Bharat and Humsafar trains

The Central government has authorised government employees to utilise Tejas, Vande Bharat, and Humsafar trains for Leave Travel Concession (LTC) purposes. Government employees now have the option to travel in a total of 385 trains, including 136 Vande Bharat, 97 Humsafar, and 8 Tejas Express trains. Prior to this, they were able to enjoy luxurious … Read more

Budget 2024: Salary components, allowances that can reduce taxpayers’ outgoing tax

Budget 2024: Salary components, allowances that can reduce taxpayers’ outgoing tax

Income Tax: Salaried employees can benefit from many financial benefits offered to them in the form of allowances to reduce their tax burden. Allowances are offered on a monthly basis and must be claimed when filing an income tax return (ITR). The Centre offers many such allowances, which are part of the salary structure. These … Read more

Dearness allowance, other payments: Revised rates for central government employees

Dearness allowance, other payments: Revised rates for central government employees

The Department of Personnel and Training (DoPT) has recently notified the revised allowances available to central government employees. In March 2024, the dearness allowance (DA) for central government employees has recently been increased by 4 per cent to 50 per cent. Besides this, the Union Cabinet also cleared additional dearness relief (DR) of 4 per … Read more