LTC cash voucher scheme for employees: How will it work? Should you opt for it?

In the wake of coronavirus pandemic, people are avoiding travel. “Considering this peculiar scenario and due to the need to boost demand, the government has introduced new LTC voucher scheme wherein the Central government and its PSUs shall pay to its employees the maximum amount of LTC that can be availed by such employee, upon fulfilling certain spending related conditions. The same shall be exempt from tax,” said Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP.