Download LTC Application Form PDF | Special cash package in lieu of LTC application form PDF Download

DOWNLOAD APPLICATION FORM FOR CLAIMING SPECIAL CASH PACKAGE EQUIVALENT IN LIEU OF LTC FOR THE BLOCK 2018 – 2021 PDF

Download LTC Application Form PDF

Trending PDF Special cash package in lieu of LTC application form PDF Download

PDF Size0.33 MB

PDF No. of Pages5

PDF Language English

Download Special cash package in lieu of LTC application form PDF

Note

The Scheme is available for this Financial Year 2020-2021 (i.e) upto 31st March, 2021.
The amount both on account of leave encashment and fare shall be admissible if the employee spends (i) an amount equal to the value of leave encashment and (ii) an amount 3 times of the cash equivalent of deemed fare on purchase of such items / availing of such services which carry a GST rate of not less than 12% from GST registered vendors / service providers through digital mode and obtains a voucher indicating the GST number and the amount of GST paid. The invoice and receipt should be in the name of the employee concerned only and payment should be made through Digital Mode only. “ The proof for each payment to be attached while claiming the benefit”.
Staff who have completed one year of services is eligible for grant of this scheme may use any one of the LTC available in a Block Year.
If the reimbursable amount is less than the advance drawn, this would be treated as under-utilization. However, after calculation of the claim, balance amount, if any may be recovered from the employee with penal interest.
The reimbursement is based on production of invoice with details of GST. As far as possible, claim should have been made and settled well before 31st March, 2021 to avoid any last minute rush and resultant lapse. The invoice which is being submitted for reimbursement under the scheme should be in the name of the employee who is availing the scheme.