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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
Central Government Holiday List 2022

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
OROP-2 Pension Revision Table 1 to 121 for Defence Pensioners wef 1.7.2019
Revised Rate 38% DR Order for Central Government Pensioners and Family Pensioners from 1.7.2022
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 Calculator

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

LTC Cash Voucher 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 notional fare only will be taken for the account of the full cash benefit. The below table describes the full cash benefit for all categories.

Read ALSO: One-time Relaxation for Reimbursement of Cancellation Charges for Air Tickets of LTC During Lockdown Period Due to COVID-19

Category 2 Members Full Cash Benefit
6,000 12,000 36,000
20,000 40,000 1,20,000
36,000 72,000 2,16,000
Category 3 Members Full Cash Benefit
6,000 18,000 54,000
20,000 60,000 180,000
36,000 108,000 324,000
Category 4 Members Full Cash Benefit
6,000 24,000 72,000
20,000 80,000 240,000
36,000 144,000 432,000
Category 5 Members Full Cash Benefit
6,000 30,000 90,000
20,000 100,000 300,000
36,000 180,000 540,000
Category 6 Members Full Cash Benefit
6,000 36,000 108,000
20,000 120,000 360,000
36,000 216,000 648,000
Category 7 Members Full Cash Benefit
6,000 42,000 126,000
20,000 140,000 420,000
36,000 252,000 756,000
Category 8 Members Full Cash Benefit
6,000 48,000 144,000
20,000 160,000 480,000
36,000 288,000 864,000
Category 9 Members Full Cash Benefit
6,000 54,000 162,000
20,000 180,000 540,000
36,000 324,000 972,000

LTC Cash Voucher Scheme FAQ No 1

LTC Cash Voucher Scheme FAQ No 2

LTC Cash Voucher Scheme FAQ No 3

READ ALSO:

  • Special Cash Package equivalent in lieu of LTC Fare for Central Govt Employees Availed up to 31.03.2021
  • LTC – Relaxation to Travel by Air to visit NER, Jammu Kashmir, Ladakh and Andaman Nicobar extended for 2 Years

LTC Cash Voucher Calculation Formula

LTC Cash Benefit = Amount Spend x Deemed LTC Fare / Amount to be Spent for Full Cash Benefit

Example (1) (without Leave Encashment)

Claiming for family of 4 eligible for economy class air travel.

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

Amount to be spent for full cash benefit = Rs.80,000 x 3* = Rs.2,40,000

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

Cash benefit = Amount Spent X deemed LTC (80,000 in this case)/ Amount to be spent for full cash benefit

Thus, if an employee spends say Rs.2,40,000 or above, he will be allowed cash amount of Rs.80,000. However, if the employee spends less than Rs.2,40,000, say 1,80,000 then he may be allowed cash amount in the same proportion as illustrated above which comes out Rs.60,000 in this case.

[1.80,000 x 80,000 = 60,000] / 2,40,000

Example (2) (without Leave Encashment)

Claiming for family of 4 eligible for Train travel.

Fare Value : Rs.6,000 x 4 = Rs.24,000
Amount to be spent for full cash benefit = Rs.24,000 x 3* = Rs.72,000

Cash benefit = Amount Spent X deemed LTC Fare (24,000 in this case)/Amount to be spent for full cash benefit

3 times of notional trainfare (24,000 x 3=72,000)

Thus, if an employee spends Rs.72,000 or above, he will be allowed cash amount of Rs.24,000. However, if the employee spends less than Rs.72,000 say 48,000 then he may be allowed cash amount in the same proportion as illustrated above which comes out Rs.16,000 in this case.

[(48,000 x 24,000/72,000) = 16,000].


Leave Travel Concession Cash Benefit Scheme for Central Government Employees

What is LTC Cash Voucher Scheme?

The Central Government has recently announced a new cash benefit scheme for Central Government employees in lieu of Leave Travel Concession.

How to calculate LTC Cash Voucher amount?

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

Example for Calculation:

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.
Illustrations for all Pay Matrix Levels on LTC Cash Benefit Scheme for CG Employees

Illustration for LTC Voucher – Pay Matrix Level 1

Pay Level 1 and Basic Salary Rs. 18000 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 19,020
Members 3: Maximum Claim Rs. 25,020
Members 4: Maximum Claim Rs. 31,020
Members 5: Maximum Claim Rs. 37,020
Members 6: Maximum Claim Rs. 43,020

Illustration for LTC Voucher – Pay Matrix Level 2

Pay Level 2 and Basic Salary Rs. 19900 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 19,761
Members 3: Maximum Claim Rs. 25,761
Members 4: Maximum Claim Rs. 31,761
Members 5: Maximum Claim Rs. 37,761
Members 6: Maximum Claim Rs. 43,761

Illustration for LTC Voucher – Pay Matrix Level 3

Pay Level 3 and Basic Salary Rs. 21700 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 20,463
Members 3: Maximum Claim Rs. 26,463
Members 4: Maximum Claim Rs. 32,463
Members 5: Maximum Claim Rs. 38,463
Members 6: Maximum Claim Rs. 44,463

Illustration for LTC Voucher – Pay Matrix Level 4

Pay Level 4 and Basic Salary Rs. 25500 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 21,945
Members 3: Maximum Claim Rs. 27,945
Members 4: Maximum Claim Rs. 33,945
Members 5: Maximum Claim Rs. 39,945
Members 6: Maximum Claim Rs. 45,945

Illustration for LTC Voucher – Pay Matrix Level 5

Pay Level 5 and Basic Salary Rs. 29200 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 21,388
Members 3: Maximum Claim Rs. 29,388
Members 4: Maximum Claim Rs. 35,388
Members 5: Maximum Claim Rs. 41,388
Members 6: Maximum Claim Rs. 47,388

Illustration for LTC Voucher – Pay Matrix Level 6

Pay Level 6 and Basic Salary Rs. 35400 (Eligible Rs. 6000)

Members 2: Maximum Claim Rs. 25,806
Members 3: Maximum Claim Rs. 31,806
Members 4: Maximum Claim Rs. 37,806
Members 5: Maximum Claim Rs. 43,806
Members 6: Maximum Claim Rs. 49,806

Leave Travel Concession (LTC) Cash Voucher Scheme Application Form

Application Form for Special Cash Package in Lieu of LTC

LTC Fare + 10 Days EL Encashment

LTC During Block Year 2018-21

  1. Name / Designation of the Government Servant:
  2. Date of entering the Government Service:
  3. Basic Pay: Rs.
  4. Pay Matrix Level:
  5. Whether Permanent of Temporary:
  6. Home Town as recorded in Service Book:
  7. Whether wife / Husband is employed And if so whether entitled to LTC:
  8. Whether the concession is to be surrendered for visiting Home-Town, and if so block year
  9. If the concession is to be surrendered “anywhere in India” Block year proposed to be surrendered:
  10. Single Deemed LTC fare:
  11. Whether advance is required: Yes / No
  12. Persons in respect of whom LTC is proposed to be availed:
Sl.No. Name Age Date of Birth Relationship Block year to be availed
1
2
3
4

I declare that the particulars furnished above are true and correct to the best of my knowledge. I undertake to produce the receipts towards the purchase or availing goods and services which carry a GST rate of not less than 120/0 from GST registered Vendors/ Service providers through digital mode indicating clearly the GST number and the amount of GST paid.

In the event of cancellation of the application or if I fail to produce the valid receipts within the stipulated time frame, I understand to refund the entire advance in one lump sum along with penal interest as applicable.

  • Name of the Bank:
  • Saving Bank Account No:
  • IFSC Code:
  • Branch MICR Code:
  • Date:
  • Signature:
  • Name:
  • Designation:

Click Here to Download: LTC Cash Voucher Scheme Application Form PDF Download

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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
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LTC Cash Voucher Scheme for Defence Armed Forces Personnel
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