LTC cash voucher calculation for without leave encashment – Example with Calculator The Leave Travel Concession (LTC) Cash Benefit Voucher Scheme is a little bit confusing on the calculation with or without encashment. As per the recent clarification issued by the Department of Expenditure on 25 November 2020, the lesser amount between actual expenditure and … Read more
LTC Special Cash Package Scheme: Clarification dated 07.05.2021 regarding the full and final settlement of bills/claims No.12(2)/2020-E-II (A) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated 7th May 2021 OFFICE MEMORANDUM Subject: Clarification regarding full and final settlement of bills/claims pertaining to LTC Special Cash Package Scheme. The undersigned … Read more
Govt issues another clarification order on the last date for claiming in LTC Special Cash Package Scheme LTC Special Cash Package Scheme FAQ No 1 – Click to read LTC Special Cash Package Scheme FAQ No 2 – Click to read LTC Special Cash Package Scheme FAQ No 3 – Click to read LTC Special Cash Package Scheme … Read more
Portion of the payment was made in cash as against digital payment for the entire transaction. Whether this will be eligible under the Scheme? The portion of digital payment may be allowed to be reimbursed subject to other conditions as contained in the O.M. dated 12.10.2020. The Department of Expenditure has recently published another clarification … Read more
Special Cash Package equivalent in lieu of Leave Travel Concession Fare – FAQ No. 4 Dated 16.02.2021 regarding prior intimation and claim for block year 2018-19 (extended till 31.12.2020) No.12(2)/2020/E-II.A Government of India Ministry of Finance Department of Expenditure North Block New Delhi Dated 16th February, 2020 OFFICE MEMORANDUM Subject: Clarification regarding queries being received … Read more
Special Cash Package Equivalent in Lieu of Leave Travel Concession Fare for Armed Forces Personnel Message No. 18/2020 Special cash package equivalent in lieu of Leave Travel Concession Fare for Armed Forces Personnel – Covid-19 1) Government of India, Ministry of Defence letter No. 12647/LTC/2020-21/Mov C/229/D (Mov)/2020 dated 11.11.2020, conveying sanction of the Competent Authority … Read more
Clarification regarding queries being received in Special Cash Package without Leave Encashment LTC Special Cash Package Scheme FAQ No 1 – Click to read LTC Special Cash Package Scheme FAQ No 2 – Click to read LTC Special Cash Package Scheme FAQ No 3 – Click to read LTC Special Cash Package Scheme FAQ No … Read more
Recently the Department of Expenditure issued an important notification regarding the subject of new Leave Travel Concession Fare Cash Payout Scheme for Central Government Employees. LTC Special Cash Package Scheme FAQ No 1 – Click to read LTC Special Cash Package Scheme FAQ No 2 – Click to read LTC Special Cash Package Scheme FAQ … Read more
Special Cash Package equivalent in lieu of LTC Fare – Invoice in the name of spouse and / or any family member who are eligible for LTC – Finmin Clarification dated 04-11-2020 F.No.12(2)/2020-EII(A) Government of India Ministry of Finance Department of Expenditure E.1(A) Branch North Block, New Delhi 4th November, 2020 Office Memorandum Sub: Special … Read more
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees The Central Government has decided to extend the income tax exemption available under leave travel concession (LTC) cash voucher scheme to non-central government employees also to boost consumer spending. Non-central government employees will include employees of state governments, public sector enterprises, banks, and … Read more