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

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....ge 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 plac....

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....are 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 time....

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....nce 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.....

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....der-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 fin....