2. Relaxation In LTC Norms: The Leave Travel Concession is provided to the employee and his family including his spouse, children, parents, siblings who are totally dependent on him.

When an employee fails to avail this facility twice in the given year block, he can apply for an additional exemption in the next bracket of years.

Besides these, there are limitations of exemption for air fare and railway fare which has to be extended. The government needs to allow employees to get availed with the LTC every year instead of the practice of two times in four years.

This will be a step towards the encouragement in the tourism sector thereby promoting development in various regions.

3. Standard Deduction: Standard deduction, which is meant to compensate the salaried class in the last financial year, should be reinstated to a fixed amount of salary.

This will reduce the gap between the salaried class and the self employed professionals in terms of earning in their respective fields. This will also ease the tax burden and will improve the earnings of the salaried persons.

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Finance Commission Suggests Higher Share To States In Central Taxes