LTC cash voucher scheme Ready reckoner – Pay level 1

Ready reckoner for LTC cash voucher scheme – Pay level 1

Introduction of LTC cash voucher scheme

The Government has released O.M of even no. dated 12th October 2020 regarding LTC cash voucher scheme for the government employees to purchase goods and services in place of the tax-exempt portion of the LTC. This order effective from the current financial year till 31st March, 2021. According to the order, employees can claim tax exemption on the travel fare encashed if the amount is spent by satisfying specified conditions. 

The government recently answered and clarified to the important queries regarding the scheme. Here we attached the brief FAQ of LTC cash voucher scheme.(See Order)

 

LTC Cash voucher scheme calculator:

LTC special package brings along with some conditions to avail the opportunity to benefit the employees. The deemed LTC fare (per person per round trip) has been fixed based on employee’s travel mode eligibility in three slabs of Rs 6000, 20000 and 36000.

Here is the calculator to help the central government employee to compute the special package in lieu of LTC according to their pay level, basic pay and category. Based on the eligibility of employee the following calculator has been designed. This calculator is used to evaluate your maximum expenditure and refundable amounts. You can also evaluate approximately, the refundable amount based on your actual expenditure. (Calculate here)

Ready reckoner – Pay level 1

Here we have given Ready reckoner for Pay level 1 employees to understand in a better way according to their basic pay (Pay matrix) and number of family members,  Here you can refer maximum limit of expenditure and claiming amount. If the employee spends less than the maximum limit then the claiming amount will differ based on the actual amount spent by him/her. You can find out the actual amount by entering the exact or actual expenditure in the calculator.

 

Pay Level 1 2 person 3 person 4 person 5 person 6 Person
spending claim spending claim spending claim spending claim spending claim
18000 43020 19020 61020 25020 79020 31020 97020 37020 115020 43020 Enter
Expensive
18500 43215 19215 61215 25215 79215 31215 97215 37215 115215 43215 Enter
Expensive
19100 43449 19449 61449 25449 79449 31449 97449 37449 115449 43449 Enter
Expensive
19700 43683 19683 61683 25683 79683 31683 97683 37683 115683 43683 Enter
Expensive
20300 43917 19917 61917 25917 79917 31917 97917 37917 115917 43917 Enter
Expensive
20900 44151 20151 62151 26151 80151 32151 98151 38151 116151 44151 Enter
Expensive
21500 44385 20385 62385 26385 80385 32385 98385 38385 116385 44385 Enter
Expensive
22100 44619 20619 62619 26619 80619 32619 98619 38619 116619 44619 Enter
Expensive
22800 44892 20892 62892 26892 80892 32892 98892 38892 116892 44892 Enter
Expensive
23500 45165 21165 63165 27165 81165 33165 99165 39165 117165 45165 Enter
Expensive
24200 45438 21438 63438 27438 81438 33438 99438 39438 117438 45438 Enter
Expensive
24900 45711 21711 63711 27711 81711 33711 99711 39711 117711 45711 Enter
Expensive
25600 45984 21984 63984 27984 81984 33984 99984 39984 117984 45984 Enter
Expensive
26400 46296 22296 64296 28296 82296 34296 100296 40296 118296 46296 Enter
Expensive
27200 46608 22608 64608 28608 82608 34608 100608 40608 118608 46608 Enter
Expensive
28000 46920 22920 64920 28920 82920 34920 100920 40920 118920 46920 Enter
Expensive
28800 47232 23232 65232 29232 83232 35232 101232 41232 119232 47232 Enter
Expensive
29700 47583 23583 65583 29583 83583 35583 101583 41583 119583 47583 Enter
Expensive
30600 47934 23934 65934 29934 83934 35934 101934 41934 119934 47934 Enter
Expensive
31500 48285 24285 66285 30285 84285 36285 102285 42285 120285 48285 Enter
Expensive
32400 48636 24636 66636 30636 84636 36636 102636 42636 120636 48636 Enter
Expensive
33400 49026 25026 67026 31026 85026 37026 103026 43026 121026 49026 Enter
Expensive
34400 49416 25416 67416 31416 85416 37416 103416 43416 121416 49416 Enter
Expensive
35400 49806 25806 67806 31806 85806 37806 103806 43806 121806 49806 Enter
Expensive
36500 50235 26235 68235 32235 86235 38235 104235 44235 122235 50235 Enter
Expensive
37600 50664 26664 68664 32664 86664 38664 104664 44664 122664 50664 Enter
Expensive
38700 51093 27093 69093 33093 87093 39093 105093 45093 123093 51093 Enter
Expensive
39900 51561 27561 69561 33561 87561 39561 105561 45561 123561 51561 Enter
Expensive
41100 52029 28029 70029 34029 88029 40029 106029 46029 124029 52029 Enter
Expensive
42300 52497 28497 70497 34497 88497 40497 106497 46497 124497 52497 Enter
Expensive
43600 53004 29004 71004 35004 89004 41004 107004 47004 125004 53004 Enter
Expensive
44900 53511 29511 71511 35511 89511 41511 107511 47511 125511 53511 Enter
Expensive
46200 54018 30018 72018 36018 90018 42018 108018 48018 126018 54018 Enter
Expensive
47600 54564 30564 72564 36564 90564 42564 108564 48564 126564 54564 Enter
Expensive
49000 55110 31110 73110 37110 91110 43110 109110 49110 127110 55110 Enter
Expensive
50500 55695 31695 73695 37695 91695 43695 109695 49695 127695 55695 Enter
Expensive
52000 56280 32280 74280 38280 92280 44280 110280 50280 128280 56280 Enter
Expensive
53600 56904 32904 74904 38904 92904 44904 110904 50904 128904 56904 Enter
Expensive
55200 57528 33528 75528 39528 93528 45528 111528 51528 129528 57528 Enter
Expensive
56900 58191 34191 76191 40191 94191 46191 112191 52191 130191 58191 Enter
Expensive

Disclaimer: The above information is not intended to provide the exact information regarding the LTC cash voucher scheme. The empoyees are advised to check out the Government O.M and Recently published FAQs clarified by the Ministry.

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