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.

Ready reckoner for LTC cash voucher scheme – Pay level 1

Introduction of LTC cash voucher scheme

LTC Cash voucher scheme calculator:

Ready reckoner – Pay level 1

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