LTA notification

CBDT notifies rules for LTC Cash Voucher Scheme

Notification No. 50/2021-Income Tax [G.S.R. 320(E)] 05/05/2021

CBDT notifies rules for LTC (Leave Travel Concession) Cash Voucher Scheme [Section 10(5)] vide which LTC Exemption of Rs. 36000 per family member For FY 2020-21 available to Employees of Both Private & Government Sector. Rules are notified vide Notification No. 50/2021-Income Tax Dated: 5th May, 2021 by inserting Sub-Rule 1A & IB ...

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Clarification on full & final settlement of claims pertaining to LTC Special Cash Package Scheme

Office Memorandu, No. 12(2)/2020-E.II(A) 30/03/2021

Keeping in view of practical difficulties in submission of bills/claims for purchases made particularly in late hours of 31st March, 2021(including on-line purchases), it is clarified that submission of bills/claims may be entertained and settled by Ministries/Departments not later than 30th April However, it is reiterated that the paymen...

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4th FAQs on LTC Cash Voucher Scheme

Notification No.12(2)/2020/E-II.A 10/03/2021

Whether the full and final settlement of the bills pertaining to LTC Cash Scheme is also to be ensured by 31st March, 2021, without any scope of spill over to the next financial year? As far as possible, the claims should be made and settled well before 31st March, 2021, Ministries/Departments may consider settlement of only those claims/...

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LTC: Reimbursement of cancellation/reschedule charges for air/train tickets

Notification No. 31011/1/2020-Estt (A.IV) 07/01/2021

No. 31011/1/2020-Estt (A.IV) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training (Establishment A-IV Desk) North Block, New Delhi-110001 Dated: 7 January, 2021 OFFICE MEMORANDUM Subject:-Reimbursement of cancellation/reschedule charges for air/train tickets booked for the purpose ...

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Special Cash Package equivalent in lieu of Leave Travel Concession Fare- Reg.

F. No. 12(2)/2020-EII(A) 04/11/2020

(i) the advance taken under the Special Cash Package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-2021 shall be settled on or before 31st March, 2021, and (i) the invoices of the goods and services purchased as per the scheme may be in the name of spouse or any family member who...

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FAQs on LTC Cash Voucher Scheme

No. 12(2)/2020-E.II(A) 20/10/2020

Clarification regarding queries being received in respect of Special cash package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21....

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Misinterpretation of LTC stimulus and its benefits

NA 13/10/2020

A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece which it relies on has a serious factual error in its understanding of how Government LTC works....

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FM announces measures of Rs 73,000 crore to stimulate consumer spending

Release ID: 1663722 12/10/2020

Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19. Cash payment and leave encashment in lieu of one LTC during 2018-21 according to entitlement. Special Festival Advance Scheme revived as a one-time measure for both Gazetted and non-Gazetted em...

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FM announces Stimulus to boost Demand in Economy: Highlights

(Release ID: 1663675 12/10/2020

Under LTC Cash Voucher Scheme, the Government has decided to give cash payment to employees in lieu of one LTC during 2018-21, in which full payment on Leave encashment and tax-free payment of LTC fare in 3 flat-rate slabs depending on class of entitlement will be given....

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LTC for Central Government Employees during Block 2018-21

F. No. 12(2)/2020-EII(A) 12/10/2020

It has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way of reimbursement, if an employee opts for this in lieu of one LTC in the Block of 2018-21 subject to the following conditions:-...

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