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7th pay commission: Good news for government employees, will be able to claim new life insurance in LTC

Everyone is eagerly waiting for the announcement of increase in DA (Dearness Allowance). It is believed that the government can decide on this before Holi, but before that, the government has made another decision, which has blossomed the faces of the government employees. The biggest thing is that every government employee will get the benefit of this.

Great gift to government employees

During the Corona period, government employees could not leave the house because of the lockdown. Because of this, their money was stuck in the system. Now the government has decided that if you have any new insurance during the corona period, then you will be able to claim its premium in the LTC scheme.




State employees will also benefit

Apart from the central employees, the state government employees will also benefit from this change made in the LTC scheme. This means that the government employees of the whole country will be happy with this change because their trapped money will now be available.

What is LTC Cash Voucher Scheme

In view of the Corona period, the Modi government launched the LTC scheme. Under this, shopping done between 12 October and 31 March on which GST was paid at 12 per cent and above can be claimed as income tax rebate. Under this, there is also a provision to give 10 thousand rupees cash to every employee.

Waiting for increase in DA

In the Corona period, the increase in DA was banned. If the government announces the current and previous increase of the estimated 4 + 4, then dearness allowance can reach 25 per cent. Right now 17 percent is getting dearness allowance.

May be announced before Holi

Since the budget, there is a continuous increase in DA waiting. In February, there was every hope that the government would announce but till now, the waiting period is going on. Now, as the new month starts, hopes have increased once again, because this month is also the festival of Holi.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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