In order to provide the benefits to other employees (i.e. non-Central Government employees) who are not covered by the above mentioned OM, it has been decided to provide similar income-tax exemption for the payment of cash equivalent of LTC fare to the non-Central Government employees also.
LTC
LTC cash voucher scheme – List of GST rate above 12% on Goods and Services
Purchasing of items/ availing of services which carry a GST rate of less than 12% can not be claimed by the employee. Goods or services which are come under more than 12% of GST can be applied for the LTC cash voucher scheme.
LTC cash voucher scheme – Calculator Here
This special package is valid during the current financial year till 31st March 2021. 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 the production of receipts towards purchase and availing of goods and services.
PIB: Misinterpretation of LTC stimulus and its benefits
A person claiming LTC is not eligible unless he actually travels; if he fails to travel the amount is deducted from his pay and he may be liable for disciplinary action. He does not have the option of keeping the money and paying income tax.
Relaxation to travel by air to visit North East Region, J&K, LA & NI – extension beyond 25.09.2020
regarding relaxation to travel by air to visit North East Region, Jammu & Kashmir and Andaman & Nicobar and to say that in relaxation to CCS (LTC) Rules, 1988, the scheme allowing Government servants to travel by air to North East Region (NER), Union Territory of Jammu and Kashmir (J&K), Union Territory of Ladakh and Union Territory of Andaman & Nicobar Islands (A&N) is extended for a further period of two years, w.e.f. 26th September, 2020 till 25th September, 2022