VOUCHER MEANING
India Inc's high-flyers in for a travel treat; overseas tour, meet-ups with celebs among unique rewards
Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.
Frequent flyers of Vistara to get better airport lounge access, increased rewards and more after merger with Air India's programme
Better airport lounge access: All Vistara travellers who have atleast gold tier in Club Vistara program stands to gain due to the merger between Vistara and Air India's Flying Return program. Some of the benefits include better airport lounge access, more routes to redeem rewards and others. However there is also a con in regard to burning of reward points.
Credit cards with all-round benefits can help maximise savings: Top cards of HDFC Bank, Axis Bank, SBI Card, IDFC FIRST Bank
Top all-round credit cards: By choosing an all-round credit card, users can enjoy various benefits and maximize their savings on a range of purchases. Here is a look at credit cards with the best all-round benefits chosen basis the overall value offered by a card across multiple categories like shopping, dining, travel, movies and more.
Tax-free allowances can be availed under new income tax regime too: Avinash Godkhindi, CEO, Zaggle Prepaid
The flexi benefits in the salary can now be managed digitally, which actually eases the compliance burden for both the employee and the employer. For instance, the Zaggle Multi Wallet Card can be used to pay for a range of employee benefits and reimbursements, says Avinash Godkhindi, CEO, Zaggle Prepaid.
4 Super Premium Credit Cards to Transform Your Lifestyle
Super premium credit cards offer exclusive privileges and perks beyond financial tools. The HSBC Premier Metal Credit Card, SBI Aurum Credit Card, Citi Prestige Credit Card, and HDFC Bank Infinia Metal Edition Credit Card cater to individuals who appreciate luxury and provide a range of benefits.
Received Diwali Bonus via cash, gift card, e-voucher, prepaid cards? Know how much income tax you will have to pay
Multiple corporate and some government employees would have received their Diwali bonus. Further it is not always necessary to receive Diwali bonus in cash. There are multiple other avenues to receive Diwali bonus like e-voucher, gift card and pre-paid gift cards issued by banks. Know the income tax implications of receiving Diwali bonus through each of the instruments.
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On offer: Govt mulls some relief on levy of GST on vouchers and gift cards
Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services that also include the tax. The proposed clarification is expected to clear the air on the taxability of vouchers and gift cards, suggesting they should not be taxed at the point of sale.
To pay or not to pay: High Court decides on the levy of GST on vouchers
The ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till January 2023, the applicability of the Goods and Services Tax (GST) liability upon these vouchers was a grey area.
Reward points, e-vouchers out of crypto tax ambit
Given the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto tax as they have traits of VDAs.
Budget 2022 should extend LTA cash voucher scheme due to continuing COVID-19
The resurgence in Covid cases in FY 2021-22 further hampered travel within the country. Further, the recent surge due to the Omicron variant has put travel on hold again which may continue in FY 2022-23 as well. Hence, the extension of the scheme for two more years, i.e., up to March 31, 2023 in the upcoming Union Budget 2022 would be a welcome move.
How to claim LTC Cash Voucher exemption in your income tax return
As per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption on the travel tickets due to the pandemic induced lockdown. Thus, this scheme was introduced last year.
e-RUPI: How purpose-specific vouchers can accelerate the growth of MSMEs
These are pre-paid digital vouchers which are directly delivered to the phones of beneficiaries.
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared
Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased out following a recent order by Appellate Authority for Advance Ruling (AAAR).
Should you opt for the LTC cash voucher scheme? Here's how much tax you will save
Here is a look at how much you stand to gain by opting for the LTC cash voucher. This story will tell you about the rules of availing the LTC benefit and compare it to the conditions specified under the new voucher. Further, we will tell you if you should indeed opt for this scheme.
16 financial deadlines in 2021 that you must know
Due to novel coronavirus pandemic, various financial deadlines have been extended well into 2021 by the government. Here are the 16 financial deadlines that you should not miss in the new year i.e. 2021.
Spend Rs 1,18,000 to get Rs 50,000! Can this stimulus work? FinMin shows how
Sitharaman on Monday announced a special scheme allowing encashment of leave travel concessions/allowance (LTC/LTA) and a special festival advance scheme for government employees to boost consumption.
Luxury yacht cruise, cosmetic surgery voucher & other goodies: Inside $225K gift bag for Oscar nominees
The gift bag will be sent to all 20 acting nominees and five men nominated for best director.
Jio withdraws low-value prepaid packs; Rs 98 is now the starting recharge voucher
Telco’s bundled recharge packs now start at Rs 98, Rs 19, Rs 52 plans removed after IUC recovery bid
Trai website to soon display telcos' tariff plans: RS Sharma
Trai is also mulling allowing 'export' or use of that data to enable people to build tariff-comparison apps and products, just as one sees for insurance or airline fares.
How E-meal vouchers and tech offer you much more than just a lunch
Entities are developing means of reaching out to consumers and advancements in technology is helping them attain it.
How e-meal vouchers and tech offer you much more than just a lunch
As technology disrupts the traditional paper voucher space, entities are trying to relook into their business strategies, developing means of reach out to consumers.
Centre may pay your rent through vouchers soon in 100 cities
The government would also monetise the confiscated benami properties for construction of affordable homes to address the housing shortage.
View: Trump's school voucher system answer to India's educational woes?
Government schools are guaranteed their funding, and their teachers, who are paid many times what teachers in budget private schools get, are more or less tenured. They have no reason to aim for excellence and try to provide quality education.
Yes Bank partners with Crownit for digital meal vouchers
For employees, the solution promises ease of access and use, along with tax savings ranging up to Rs 10,000 per employee per year.
LBT, octroi can be levied on Sodexo meal vouchers: Bombay High Court
Senior counsel V V Tulzapurkar, appearing for the petitioner, urged that the Sodexo vouchers are a medium to acquire any article for consumption by themselves.
Luxury brands offer gift vouchers & expensive phones to lure rich Indians
Most Indian partners of luxury brands take such initiatives, knowing the Indian consumer loves to be pampered and showered with free gifts.
After Vodafone & Airtel, Idea slashes data tariff by 90% in eight circles
The changes are applicable for pre paid customers using recharge vouchers of Rs 22,Rs 25 and Rs 125 that will be valid for three months.
School vouchers, please Govt monopoly is crime against children
Right to education cannot mean the right to attend a government school.
Sibal toys with idea of school vouchers, but doubts remain
With private participation no longer being viewed with suspicion in the human resource development ministry, the idea of school vouchers seems to be making a quiet comeback.
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