For the purpose of LTC, block years are defined for two years starting January 1st of an even year (e.g. 2006) to December 31st of an odd year. Thus the current block year is 2006-07.

The next LTC Block year is 2018-2021. During this Block years , a Government servant can avail two concessions. In line with the above rule position, the LTC for the block of 2016-2017 can be carried forward to 2018 if it was not availed in that particular block .

Usually LTC can be availed twice in a block of a four calendar years. Current block of years will be as below. 2014-2017 (From 1st January 2014 to 31st December 2017). As said above you can claim only twice in a block of 4 years period.

LTC to Home Town can be availed once in a block of two years and LTC to Any Place in India may be availed once in a four year block. If not availed during these blocks, the LTC may also be availed in the first year of the following block.

Shalini Jain, Tax Partner – People Advisory Services, EY India says, “The LTC Cash Voucher Scheme introduced in October 2020 to boost consumer spending is now ratified as part of the Income-tax Act.

(i) All eligible Government servants may avail LTC to visit any place in NER! A&N/ J&K/ Ladakh against the conversion of their one Home Town LTC in a four year block. (ii) Government servants, whose Home Town and Headquarters! place of posting is the same, are not allowed the conversion.

Describing this as a huge and an exclusive facility for the government employees, Dr Jitendra Singh said that all eligible government servants may avail LTC to visit Jammu & Kashmir or North East or any of these mentioned areas against the conversion of their one Home Town LTC in a four-year block.

For ease of travel, employees can travel to these areas even by private Airlines. He said, such government servants who are not otherwise entitled to travel by Air will also be allowed to travel by Air, under the norms of this scheme, in Economy class by any Airlines, subject to the maximum fare limit of LTC-80 scheme.

LTA/LTC is a tax break that can be availed by an employee for travel of self and family members anywhere in India. The leave encashment portion is taxable in the hands of an employee. The tax break on LTA can be claimed on two journeys in a block of four years. The block of four years is a calendar year.

To claim the benefit under the scheme, an individual is required to fulfil the following conditions: i) Spend three times the amount of deemed LTC fare on the purchase of goods/services attracting GST of 12% or more; ii) Purchases must be made during the period between October 12, 2020 and March 31, 2021.

Expense / Purchase should have been made between 12th October, 2020 to 31st March, 2021. Payment should be made through digital mode. (i.e. it should not be in cash). It is very important to note that that employee can also claim this exemption on purchases made by any family member of the employee.

How to calculate LTC Cash Voucher amount?

• Leave encashment (1,38,500 x 1.17) x10/30 = Rs.
• Fare Value: Rs.
• Total Value: = Rs.
• Amount to be spent for full cash benefit = Rs.
• (a) Share of Leave Encashment in total = 54,015 X 100 / 2,94,015 = 18%
• (b) Share of Fare in total = 80,000 X 100 / 2,94,015 = 27%

LTC advance can be drawn 60 days before the proposed date of outward journey: – Under Central Government Rules, a Government servant can draw advance in respect of the journey proposed to be performed under the Leave Travel Concession scheme by himself and/or by members of his family 60 days before the proposed date of …

Under the LTC cash voucher scheme, travel expenses up to ₹36,000 per person can be claimed as deduction. There are two more slab rates of ₹20,000 and ₹6,000 depending on the employees’ entitlement in case of government staff.

(1) The leave travel concession shall be admissible to persons of the categories specified in clauses (i) and (iii) of sub-rule (3) of Rule 1 only, if they have completed one year’s continuous service under the Central Government on the date of journey performed by him or his family, as the case may be, to avail of the …

No prior intimation as is being given in the case of LTC Scheme is required and for the year 2018-19 (extended till 31.12. 2020), the claims can be made before 31.03.

Any employee with one year of continuous service on the date of journey performed by him/his family is eligible. Employees whose spouses are working in Indian Railways/National Airlines are not eligible for LTC.

PATH: Bill Preparation and submission → Process →Bill Verification Worklist. ➢ Superintendent has to click on the bill number. ➢ Then particular bill will open, he has to verify all the checklist present in the bill. ➢ In case of any discrepancies in the bill, Superintendent can return the bill to the caseworker.

1. Name of the official (in block letters):
2. 2. ( a) Designation and Employee Code :
3. Unit/Office to which attached.
4. Basic pay in the present grade.
5. Date of appointment in the Department :
6. Place of hometown as declared in the Service Book:
7. Particulars of LTC availed for.
8. Block year for which now proposed to avail:

PART A

1. PART A.
2. Sl.
3. Details of journey (s) performed by Government servant and the members of his/her family.
4. Date.
5. Amount of advance, if any, drawn …………
6. Particulars of journey (s) for which higher class of accommodation than the one to which the Government.
7. Place From To.