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Leave Travel Concession and Medical Allowance

Tax queries 600 views 1 replies

Hi,

I wanted to know whether LTC and Medical Allowance facility is a must for private sector employees?

Regards,

Nitin

 

 

Replies (1)

Why not?  incidence of medical treatment for self, or for the family is always there and any amount that mitigate the financial hardships is good.  We cannot toil 24 hours, 365 days in a year  for the company, as going out atleast once in six months or once in a year will refresh us  and the family and the family bonding will be more if we often take them out for a new place, therefore LTC is also most though it will not compensate the amount we expend.


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