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The employees have also been warned that any misuse of LTC will be taken seriously and appropriate action will be taken under the Employees Rules. It is worth noting that in the year 2020 also, the central government had extended the period of this facility for two years.

 Leave Travel Concession (LTC) extended by 2 years for Central government employees - details

Hospitality industry body FHRAI has urged the finance ministry to review the decision to introduce leave travel concession (LTC) cash voucher in place of LTC fare to central government employees in the forthcoming Budget.&nbsp;

 Budget 2022: Will Modi govt review introduction of LTC cash voucher for Central employees? What FHRAI urged

The central government employees have a chance to take advantage of two government schemes that allows them to get an interest free festival advance of Rs 10,000 and claim Leave Travel Concession (LTC) Cash Voucher Scheme.&nbsp;

7th Pay Commission: Understanding Special Festival Advance Scheme, LTC for central government employees—DEADLINE is March 31  

LTC:&nbsp; Check how to avail tax benefits.

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Salaried class including central government employees need not pay income tax on the amount received against LTC (Leave Travel Concession). The finance minister Nirmala Sitharaman made the announcement in this regard in the Budget 2021. The center had given this income tax exemption to the central government employees on 12th October 2020 (FY 2020-21) in the wake of COVID-19 pandemic. Since the Chinese virus is still around, the center has extended this income tax relief for all salaried taxpayers for the four year cycle of 2018-21. 

No need not to pay income tax on the amount received against Leave Travel Concession

Income Tax Exemption for payment of deemed LTC fare for non-Central Government employees.

 Big decision by Modi government on this Income Tax exemption – Check all details here

&nbsp;Ministry of Finance has issued a statement on misinterpretation of Leave Travel Concession (LTC) stimulus and its benefits.

LTC Cash Voucher Scheme: CONFUSION CLEARED! Finance Ministry issues statement on misinterpretation of Leave Travel Concession stimulus and its benefits

Leave Travel Concession (LTC)&nbsp;is granted to employees by employers for covering travel expenses when the former go on leave from work.

Central government employee? Here's when your Leave Travel Concession is not taxed

The Ministry of Personnel said that Railways employees, however, shall continue to be governed by the Railway Servants (Pass) Rules and availing of the "All India LTC" under the CCS (LTC) Rules by them will be facilitated through a special order under the relevant provision of the said Pass Rules.&nbsp;

7th pay commission: Indian Railways staff get good news on LTC now

Govt warns employees of action for misusing LTC

leave-travel-concession

The employees have also been warned that any misuse of LTC will be taken seriously and appropriate action will be taken under the Employees Rules. It is worth noting that in the year 2020 also, the central government had extended the period of this facility for two years.

Hospitality industry body FHRAI has urged the finance ministry to review the decision to introduce leave travel concession (LTC) cash voucher in place of LTC fare to central government employees in the forthcoming Budget. 

The central government employees have a chance to take advantage of two government schemes that allows them to get an interest free festival advance of Rs 10,000 and claim Leave Travel Concession (LTC) Cash Voucher Scheme. 

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Leave Travel Concession

Leave Travel Concession (LTC) extended by 2 years for Central government employees - details

Budget 2022: Will Modi govt review introduction of LTC cash voucher for Central employees? What FHRAI urged

7th Pay Commission: Understanding Special Festival Advance Scheme, LTC for central government employees—DEADLINE is March 31

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No need not to pay income tax on the amount received against Leave Travel Concession

Big decision by Modi government on this Income Tax exemption – Check all details here

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