LTC Cash Voucher Scheme: Big update for central government employees - details here
This decision has been taken because the Covid-19 second wave was at its peak in May due to which many employees could not claim their LTC
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Updated: Jul 9, 2021, 08:33 AM IST
The government has decided to ease the rules related to Leave Travel Concession (LTC) for central employees. This ease will only benefit those employees who could not claim their LTC till the last deadline i.e May 31, 2021.
What is an LTC Cash Voucher Scheme?
The LTC is something that is provided by the central government to its employees, which is a benefit of travelling once in four years to any part of India. Apart from this, employees can also take advantage of this scheme to go to their homes twice in four years. Due to Covid-19, travel in the country and the world was closed, so it was difficult to claim LTC. That's why the central government announced the LTC cash voucher scheme in its place. In this, central employees can use their LTC funds to buy those things on which GST is more than 12 per cent. You can claim those bills later. But the payment for the purchase should be done electronically.