• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Allowances
  • Expected DA
  • CSD
  • DOPT
  • Pensioners Issues

CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners

  • Holiday Homes
  • Holidays
  • Railway Board Orders
  • TA DA Rules

LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
Central Govt Holidays 2023 | Dopt Orders on Holidays 2023
38% DA Order for Central Govt Employees wef 01.07.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021


Kendriya Vidyalaya Class 1 Online Admission 2023-24 Latest Updates
Kendriya Vidyalaya Online Registration for Class 1 Admission 2023-24 will commence from 27.03.2023 (Monday) 10 'o' Clock Onwards
Kendriya Vidyalaya Admission Schedule 2023-2024

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
OROP-2 Pension Revision Table 1 to 121 for Defence Pensioners wef 1.7.2019
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

LTC Cash Voucher Scheme and Leave Encashment for Central Govt Employees

October 13, 2020

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

Leave Travel Concession (LTC) Cash Voucher Scheme for Central Government Employees

The Ministry of Finance issued order regarding new LTC voucher scheme for Central Government employees on 12th October 2020

F.No.12(2) /2020-EII(A)
Ministry of Finance
Department of Expenditure
EN(A) Branch

North Block, New Delhi
12th October 2020

Office Memorandum

Sub: Special cash package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21.

In view of the Covid-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of Central Government employees are not in a position to avail themselves of LTC for travel to any place in India or their Hometowns in the current Block of 2018-21.

2. With a view to compensate and incentivise consumption by Central Government employees thereby giving a boost to consumption expenditure, 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:-

a) The employee spends the money of a larger sum than the entitlement on account of LTC on actual expenditure.

b) Cash equivalent of full leave encashment will be allowed, provided the employee spends an equal sum. This will be counted towards the number of leave encashment on LTC available to an employee.

C) The deemed LTC fare for this purpose is given below:-

Category of employees Deemed LTC fare per person (Round Trip)
Employees who are entitled to business class of airfare Rs. 36,000
Employees who are entitled to economy class of airfare Rs. 20,000
Employees who are entitled to Rail fare of any class Rs. 6,000

d) The cash equivalent may be allowed if the employee spends a sum 3 times of the value of the fare given above.

e) The amount both on account of leave encashment and fare shall be admissible if the employee spends (i) an amount equal to the value of leave encashment and; (ii) an amount 3 times of the cash equivalent of deemed fare, as given above on purchase of such items/availing of such services which carry a GST rate of not less than 12% from GST registered vendors/service providers through digital mode and obtains a voucher indicating the GST number and the amount of GST paid.

READ ALSO: Grant of Festival Advance to Central Government Employees – Finmin Order dated 12-10-2020

f) The admissible payment shall be restricted to the full value of the package [leave encashment as admissible for LTC and deemed fare] or depending upon the spending as per example given at Annexure-A.

g) While TDS is applicable in the case of leave encashment, since the cash reimbursement of LTC fare is in lieu of deemed actual travel, the same shall be allowed exemption on the lines of existing income-tax exemption available to LTC fare. The legislative amendment to the provisions of the Income-Tax Act, 1961 for this purpose shall be proposed in the due course. Hence, TDS shall not be required to be deducted on the reimbursement of deemed LTC fare.

3. Head of the Departments / DDOs may make reimbursement under this package as per the details given above on receipt of invoices of purchases made / services availed during the period post the issuance of this order from the employees who are desirous to avail this package. It may be noted that in order to avail this package an employee should opt for both leave encashment and LTC fare.

4. An amount up to 100% of leave encashment and 50% of the value of deemed fare may be paid as advance into the bank account of the employee which shall be settled based on production of receipts towards purchase and availing of goods and services as given in Para 2(e). The claims under this package (with or without advance) are to be made and settled within the current financial year. Non-utilization / under-utilization of advance is to be accounted for by the DDOs in accordance with the extant provisions relating to LTC advance i.e. immediate recovery of full advance in the case of non-utilization and recovery of unutilized portion of the advance with penal interest.

5. These orders will take effect from the date of issuance of this Office Memorandum and will be in force during the current financial year till 31st March 2021.

6. All the Ministries/Departments are requested to bring the contents of this OM to the notice of all its Attached and Subordinate offices for their information.

Hindi version of this Office Memorandum will follow.

sd/-
(B.K.Manthan)
Deputy Secretary to the Govt. of India

Annexure-A

Example:

Pay of an employee: Rs 1,38, 500 and has family of 4 eligible for economy class air travel.

Leave encashment (1,38,500 x 1.17) x10/30 = Rs. 54,015

Fare Value: Rs. 20,000 x 4 = Rs. 80,000

Total Value: = Rs. 1,34,015

Amount to be spent for full cash benefit = Rs. 54,015 + 2,40,000*= Rs. 2,94,015

(a)       Share of Leave Encashment in total = 54,015 X 100 / 2,94,015  = 18%

(b) Share of Fare in total = 80,000 X 100 /  2,94,015 = 27%

* 3 times of notional airfare (80,000 x 3 = 2,40,000)

  • Thus, if an employee spends Rs. 2,94,015 or above, he will be allowed cash amount of Rs. 1,34,015.
  • However, if the employee spends Rs. 2,40,000 only, then he may be allowed 18 % on account of Leave Encashment (Rs. 43,200) and 27% on account of fare value (Rs. 64,800). The total amount payable shall be Rs. 1,08,000.

LTC Cash Voucher Scheme and Leave Encashment PDF Download – Finmin Order dated 12-10-2020

Also Read: CCS LTC Rules 1988-DoPT Order on 04-02-2021

Also Read: LTC Cash Voucher Scheme-Frequently Asked Question

Also Read: Special Cash Package equivalent in lieu of LTC Fare for Central Government Employees

Also Read: Relaxation for Reimbursement of Cancellation Charges for Air Tickets of LTC due to COVID-19


No related posts.

ALLOWANCE NEWS

Counting Leave without Allowance as Qualifying Engagement for Grant of Annual Increment to GDS

Revised Rate of DA from Jan 2023 at 37.2% to CPSE Employees for 2017 Pay Scales

Payment of DA from Jan 2023 at 201.2% to CPSE Employees for 2007 Pay Scales

408.4 Percent DA from Jan 2023 to CPSEs 1997 Pay Scales

Allowances Applicable to Central Government Employees – Dopt Order 2022

GDS Latest News

Counting Leave without Allowance as Qualifying Engagement for Grant of Annual Increment to GDS

March 13, 2023 By admin Leave a Comment

Processing of Transfer Applications of GDS under Limited Transfer Facility through GDS Online Transfer Portal

November 29, 2022 By admin Leave a Comment

Processing of Transfer Applications of GDS – DoP

September 21, 2022 By admin 2 Comments

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin 1 Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar




Central Govt Employees News

7th CPC Pay Matrix Table for Central Government Employees
7th CPC Defence Pay Matrix Chart
7th Pay Commission Children Education Allowance
7th CPC House Rent Allowance
Bank Holiday List 2023 India
LIC Office Holiday List 2023
Central Government Holidays 2023 PDF
CGHS Holidays 2023
ESIC Holiday List 2023
Indian Customs Office Holiday List 2023
Tamil Nadu Government Holidays 2023 Order PDF
Central Government Employees Festival Advance
CGHS Hospital List 2023
DA Chart for CG Employees and Pensioners
DoPT Orders Circulars 2023
ECHS Empanelled Hospitals and Nursing Homes 2023
Freezing of Dearness Allowance and Dearness Relief
Holiday Homes List 2023
Indian Post Office Holiday List 2023
Indian Passport Office Holidays 2023
50 New Kendriya Vidyalaya in India
KV School Holiday List 2023-24 PDF
Railway Board Orders 2023
Sainik School List in India 2023

DA LATEST NEWS 2022

18 Months DA Arrears to Central Government Employees and Pensioners

Dearness Relief to Bank Pensioners for the period February 2023 to July 2023

DR to Pre 1986 Bank Retirees from February 2023 to July 2023

Bank DA Rate from Feb 2023 to April 2023 at 41.16% for Workmen and Officer Employees

AICPIN December 2022 | Expected DA from Jan 2023 Calculation Over

FAQ on LTC Cash Voucher Scheme

LTC Cash Voucher Scheme Calculator
LTC Cash Voucher Scheme and Leave Encashment for Central Govt Employees
FAQ No 1 Special LTC Cash Package Scheme – 20.10.2020
FAQ No 2 Special LTC Cash Package Scheme – 10.11.2020
FAQ No 3 Special LTC Cash Package Scheme – 25.11.2020
FAQ No 4 Special LTC Cash Package Scheme – 10.03.2021
LTC Cash Voucher Scheme for Defence Armed Forces Personnel
Grant of 4 Times LTC Scheme Eligible for Fresh Recruits of Central Govt Servants




Recent Comments on KVS Admission 2022-23

  • op agarwal on Freezing of DA and DR to Central Government Employees and Pensioners at Current Rates till July 2021
  • Ramawtar gupta on Annual Increment Due on 1st July to the Employees Retiring on 30th June of the Year – Railway Board
  • admin on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • SGJOSHI on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • admin on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • Sanjay on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • admin on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • Saurabh on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • admin on Online booking of holiday home for central govt employees
  • SARWESHWAR SINGH on Online booking of holiday home for central govt employees

Copyright © 2023 - Central Govt Employees News - cgstaffportal.in - Log in