• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • DOPT ORDERS 2020
  • FinMin Orders 2020
  • Railway Orders 2020
  • Contact Us

7th Pay Commission Latest news

Central Government Employees News

  • DOPPW Orders
  • 7th Pay Commission
  • Dearness Allowance
  • Dearness Relief
  • CSD Price List
  • Defence
    • Defence Pension
You are here: Home / FINMIN Order / Special cash package equivalent in lieu of LTC Fare for CGE during the Block 2018-21 – FINMIN

Trending
LTC Cash Voucher Scheme “hot”
Central Government Holidays for the year 2021 – DOPT “hot”
Holidays List 2021 for Central Government Employees “hot”
AICPIN for the month of February 2021 “hot”
Freezing of Dearness Allowance & Dearness Relief till July 2021

Special cash package equivalent in lieu of LTC Fare for CGE during the Block 2018-21 – FINMIN

October 15, 2020 pcadmin Leave a Comment

Special cash package equivalent in lieu of LTC Fare for CGE during the Block 2018-21 – FINMIN

F.No.12(2)/2020-EII(A)
Ministry of Finance
Department of Expenditure
EN(A) Branch

North Block, New Delhi
12th October, 2020

Office Memorandum

Sub : Special cash package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21.

In view of Covid-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of Central Government employees are not in a position to avail themselves of LTC for travel to any place in India or their Hometowns in the current Block of 2018-21.

2. With a view to compensate and incentivise consumption by Central Government employees thereby giving a boost to consumption expenditure, it has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way of reimbursement, if an employee opts for this in lieu of one LTC in the Block of 2018-21 subject to 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. This will be counted towards the number of leave encashment on LTC available to an employee.

c) The deemed LTC fare for this purpose is given below :-

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

d) The cash equivalent may be allowed if the employee spends a sum 3 times of the value of the fare given above.

e) The amount both on account of leave encashment and fare shall be admissible if the employee spends (i) an amount equal to the value of leave encashment and; (ii) an amount 3 times of the cash equivalent of deemed fare, as given above on purchase of such items / availing of such services which carry a GST rate of not less than 12% from GST registered vendors / service providers through digital mode and obtains a voucher indicating the GST number and the amount of GST paid. 

f) The admissible payment shall be restricted to the full value of the package [leave encashment as admissible for LTC and deemed fare] or depending upon the spending as per example given at Annexure-A.

g) While TDS is applicable in the case of leave encashment, since the cash reimbursement of LTC fare is in lieu of deemed actual travel, the same shall be allowed exemption on the lines of existing income-tax exemption available to LTC fare. The legislative amendment to the provisions of the Income-Tax Act, 1961 for this purpose shall be proposed in the due course. Hence, TDS shall not be required to be deducted on the reimbursement of deemed LTC fare.

3. Head of the Departments / DDOs may make reimbursement under this package as per the details given above on receipt of invoices of purchases made / services availed during the period post the issuance of this order from the employees who are desirous to avail this package. It may be noted that in order to avail this package an employee should opt for both leave encashment and LTC fare.

4. An amount upto 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 production of receipts towards purchase and availing of goods and services as given in Para 2(e). The claims under this package (with or without advance) are to be made and settled within the current financial year. Non-utilization / under-utilization of advance is to be accounted for by the DDOs in accordance with the extant provisions relating to LTC advance i.e. immediate recovery of full advance in the case of non-utilisation and recovery of unutilized portion of the advance with penal interest.

5. These orders will take effect from the date of issuance of this Office Memorandum and will be in force during the current financial year till 31st March, 2021.

6. All the Ministries/Departments are requested to bring the contents of this OM to the notice of all its Attached and Subordinate offices for their information.

Hindi version of this Office Memorandum will follow.

(B.K.Manthan)
Deputy Secretary to the Govt. of India

Signed Copy

Filed Under: Central Government Employees, FINMIN Order, LTC

Also Read

AICPIN for February 2021

AICPIN for the month of February 2021

March 31, 2021 By pcadmin Leave a Comment

AICPIN for February 2021 Consumer Price Index for Industrial Workers (2016=100) - February, 2021 The All-India CPI-IW for February, 2021 increased by 0.8 points and stood at 119.0 (one hundred nineteen and point zero). On 1-month percentage change, it increased by 0.68 per cent with respect to … [Read More...] about AICPIN for the month of February 2021

Post Office Savings Account (Amendment) Scheme, 2021 – Gazette

April 12, 2021 By pcadmin Leave a Comment

Post Office Savings Account (Amendment) Scheme, 2021 - Gazette MINISTRY OF FINANCE  (Department of Economic Affairs)  NOTIFICATION New Delhi, the 9th April, 2021  G.S.R. 257(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the … [Read More...] about Post Office Savings Account (Amendment) Scheme, 2021 – Gazette

Declaration of Bohag Bihu Festival As Holiday in Assam

Declaration of Bohag Bihu Festival As Holiday in Assam – Confederation

April 12, 2021 By pcadmin Leave a Comment

CONFEDERATION OF CENTRAL GOVT EMPLOYEES & WORKERS 1st Floor, North Avenue PO Building, New Delhi - 110001 Website: www.confederationhq.blogspot.com Email: [email protected]  President RAVI NAIR 9969234999  Secretary General R.N. PARASHAR 9718686800  No. Confd./Holiday-2021 … [Read More...] about Declaration of Bohag Bihu Festival As Holiday in Assam – Confederation

Extension of Revalidation of BSNL MRS Card for BSNL Retired employees

Extension of Revalidation of BSNL MRS Card for BSNL Retired employees

April 12, 2021 By pcadmin Leave a Comment

Extension of Revalidation of BSNL MRS Card for BSNL Retired employees No. BSNLCO-ADMN/ 11( 15) / 2 / 2020-ADMN Office Order Sub:- Extension of Revalidation of BSNL MRS Card for BSNL Retired employees Ref:- This office letter No. BSNLCO-SR/ 14( 12) / 9/ 2020 dated 28.09.2020. This office has … [Read More...] about Extension of Revalidation of BSNL MRS Card for BSNL Retired employees

Coverage under CCS (Pension) Rules1972, in place of National Pension System to Casual Labourers

Coverage under CCS (Pension) Rules1972, in place of National Pension System to Casual Labourers

April 12, 2021 By pcadmin Leave a Comment

Coverage under CCS (Pension) Rules1972, in place of National Pension System to Casual Labourers AGENDA DISCUSSED DURING THE STANDING COMMITTEE MEETING HELD ON 26.2.2021 – DECISIONS TAKEN New Agenda items for the meeting of Standing Committee (received on 08.02.2021) Agenda Item No. and Ministry / … [Read More...] about Coverage under CCS (Pension) Rules1972, in place of National Pension System to Casual Labourers

Empanelment of Private Day Care Therapy Centers for Ayurveda, Yoga & Naturopathy under CGHS.

Empanelment of Private Day Care Therapy Centers for Ayurveda, Yoga & Naturopathy under CGHS.

April 9, 2021 By pcadmin Leave a Comment

Empanelment of Private Day Care Therapy Centers for Ayurveda, Yoga & Naturopathy under CGHS. F.No. 25-1/2018/CGHS/JD AYUSH Government of India Ministry of Health& Family Welfare Directorate General of Central Government Health Scheme **** Nirman Bhavan, New Delhi Dated: … [Read More...] about Empanelment of Private Day Care Therapy Centers for Ayurveda, Yoga & Naturopathy under CGHS.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

All About Pension

All about Pension

Latest DOPT Orders

Benefits in promotional hierarchy under MACP Scheme

Status of Cadre Review Proposals as on 31.03.2021

Vaccination for Central Government employees – DOPT

Declaration of Holiday on Birthday of Dr. B.R. Ambedkar (14th April, 2021)

Grant of Paid holiday to employees on the day of poll (April 17)

Latest Finmin Orders

Govt withdraws small savings rate . Last Quarter interest rates to be continued

Small Savings Schemes Interest Rates from April – June 2021

Clarification regarding full and final settlement of bills/claims pertaining to LTC Special Cash Package Scheme.

LTC FAQ No:4 – Special Cash Package for Central Government Employees

Rate of interest for purchase of Computer during 2021-22 – FINMIN

Latest Railway Orders

Conveyance Allowance at revised rates to Railway Medical Officers

Holidays to be observed in Central Government Offices during the year 2021: Railway Board Order

Grant of disability pension, comprising service element and disability element to pre-2006 disability pensioners

Re-classification of cities for the purpose HRA to Railway Employees

33% of Railways Officers and staff attend office with staggered timings

Categories

Copyright © 2021