All Information About Special Cash Package Under LTC Scheme 2020-21
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All Information About Special Cash Package Under LTC Scheme 2020-21
In the case of employees of the State Government, the holiday travel relief scheme has been implemented by the resolution of the department dated 15-10-1966. In order to facilitate the administrative implementation of the amendments made under the present scheme, instructions have been issued by one and the resolution of the company. LTC is currently facing difficulties in the transport hospitality sector due to lockdown imposed across the country under the covid-19 epidemic. Under the relief scheme, some employees of the state government could not avail the benefit of the last year 2016-19 which was automatically extended by one year and its term expires on 31-12-2020. The matter was under consideration by the government. In addition, there is a shortage in the business world due to the lockdown due to the current Corona epidemic. The government was considering announcing a special package scheme in lieu of the scheme.
Matters covered under the package on the special road
(1) Employees who have availed the benefit of block year 2016-2019 will not be eligible to avail the benefit of this special cash package scheme.
(2) The block of this scheme shall not be applicable for the year 2020-23.
(3) In case of employees wishing to avail the benefit of special cash package scheme, the amount of leave received by the employee as per the rules under the LTC scheme should be taken into account only if the amount of leave converted into cash is spent or more.
LTC Related New Paripatra 26-03-2021
(4) In case of conversion of holiday leave into cash under the head leave ltc shall be taken into account in receivables.
(5) The fare of the proposed holiday travel relief under this scheme shall be sanctioned as under. Rs. 7600 grade pay as per 6th pay commission or more. Rs. 50,000 for employees having such salary and less than Rs. Employees with grade pay will be eligible to receive Rs 6,000 rent if the employee spends three times more than the above mentioned amount of rent.
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(6) In case of conversion of leave into cash and eligibility of the proposed rental amount, the employee has to purchase any item not less than 15% GST rate from the GST registered trader and the payment is likely to be made through digital medium as well as payment of GST number. Considering that the amount indicating the currency has been received, the amount converted into holiday cash will have to be spent three times the proposed rent.
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