LTC Cash Voucher Scheme notified in Budget 2021 SECTIONS Share Synopsis The benefit of the LTC Cash Voucher scheme is available in the old tax regime. If an individual opts for the new tax regime, then tax benefit under the scheme will not be available. To claim the benefit under the scheme, an individual is required to fulfil certain conditions. Getty Images The Leave Travel Concession (LTC) cash Voucher scheme has been notified by the government in Budget 2021. The scheme was announced by the Finance Minister Nirmala Sitharaman in October 2020 to boost consumer demand and to provide tax benefit to individuals who are unable to claim the usual LTC tax benefit due to covid-related travel restrictions.