Is LTC applicable to central government employees?
Is LTC applicable to central government employees?
To opt for the scheme, a central government employee must satisfy 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.
What is the rule of LTC?
LTC advance can be drawn 60 days before the proposed date of outward journey: – Under Central Government Rules, a Government servant can draw advance in respect of the journey proposed to be performed under the Leave Travel Concession scheme by himself and/or by members of his family 60 days before the proposed date of …
Who are entitled for LTC?
Synopsis
| 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 |
What does LTC mean for central government employees?
LTC is granted to Central Government employees to facilitate home travel as well as travel to different parts of the country.
What are the new rules for central government employees?
Central Government Employees LTC new rules (2020-2022): The Department of Personnel & Training (DoPT) has relaxed the Leave Travel Concession (LTC) facility for Central Government Employees for travel by Air to visit Jammu and Kashmir, Ladakh, North Eastern Region and Andaman and Nicobar Islands.
Is there a one year grace period for LTC?
One year grace period is allowed for every 4 years block year. An employee will be allowed to avail LTC in 2022 with certain conditions fulfilled… An employee has not availed LTC in the block year of 2018-2021 An employee has not availed LTC in the block year of 2018-19 Note: Carry forward option available in two years block year also.
Is the LTC scheme extended to private employees?
The scheme has been extended to the private sector employees, state government employees, public sector units and public sector banks employees via a press release from CBDT, dated October 29, 2020. The legislative amendments for the same has been brought by the government in Budget 2021.