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LTC Cash Voucher Scheme Calculator – Latest
Last updated: Dec 20th, 2024 at 7:50pm Edited by: Infotechies
Cash Benefit for Central Government Employees | Cash Calculator
LTC Voucher Scheme: Mrs. Nirmala Sitaraman, Finance Minister has introduced the LTC Voucher Scheme to give basic amenities to all the Central Government employees and eases the economic flow of the country. Central Government Employees have travel expenses and they have to spend three times the amount to the concerned authorities of the countries.
Central government personnel can use the LTC cash voucher system to acquire products or services. They can avail of this scheme instead of providing leave tax concessions or leave tax allowances to conduct any work. They have 6000 LTC fare travel coupons and must spend ₹18000 on non-food products under 12% GST. This will help the people’s economic flow in our country.
LTC Cash Voucher Scheme | Overview 2023
| Name | LTC Cash Voucher Scheme 2023 |
| Introduced by | Finance minister Nirmala Sitharaman |
| Motive | Providing cash vouchers for traveling and buying items |
| Beneficiary | Central Government employees |
| Official site | – |
LTC Calculator 2020 – 2023 – LTC Special Cash Calculator
To calculate the LTC calculator, you should enter pay level, basic pay, and the number of members in your family for whom the LTC Cash Voucher Scheme is availed.
| Leave Encashment in Rs. | |
| Fare Value in Rs. | |
| Total Value in Rs. | |
| Total amount to be spent. | (for full cash benefit) |
RESULT BOX - TOTAL ELIGIBLE SHARE AMOUNT |
|
| Share Amount for EL Encashment | |
| Share amount of fare | |
| Total Eligible amount | |
LTC Cash Voucher Scheme has the benefit of buying goods or services for a considerable value during this year. They can avail of cash reimbursement / Cashback benefits while spending the stipulated amount for the Goods and Services to buy.
LTC Scheme | Features and Benefits
LTC scheme features and benefits are given below,
- To increase the country’s economic flow.
- The employee must spend three times the travel expense voucher.
- The paid amount can be spent on goods and services with a GST of 12% or more.
- GST invoice must be submitted.
- Must purchase using digitally from GST-registered retailers.
- Food-related items are not eligible for this scheme.
- The government will give the required fare can use by March 31, 2023.
- Both public and private sector employees are eligible.
LTC Scheme Fare 2023
The amount of LTC vouchers given to central employees are given below,
| Employees | Employees who are entitled to business-class of airfare |
| Employees who are entitled to an economy-class of airfare | Rupees 36000 |
| Employees who are entitled to an economy-class of airfare | Rupees 20000 |
| Employees who are entitled to Rail fare of any class | Rupees 6000 |
LTC Scheme | Eligibility Criteria to Apply
To apply for the LTC Cash Voucher Scheme eligibility requirements are given below:
- The applicant must be an Indian citizen.
- Central Government employees must apply.
- The applicant may also work for the state government.
Pay level wise LTC Special Cash Eligible Amount
Pay Level 1 and Basic Salary Rs. 18000 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 19,020
- Members 3: Maximum Claim Rs. 25,020
- Members 4: Maximum Claim Rs. 31,020
- Members 5: Maximum Claim Rs. 37,020
- Members 6: Maximum Claim Rs. 43,020
Pay Level 2 and Basic Salary Rs. 19900 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 19,761
- Members 3: Maximum Claim Rs. 25,761
- Members 4: Maximum Claim Rs. 31,761
- Members 5: Maximum Claim Rs. 37,761
- Members 6: Maximum Claim Rs. 43,761
Pay Level 3 and Basic Salary Rs. 21700 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 20,463
- Members 3: Maximum Claim Rs. 26,463
- Members 4: Maximum Claim Rs. 32,463
- Members 5: Maximum Claim Rs. 38,463
- Members 6: Maximum Claim Rs. 44,463
Pay Level 4 and Basic Salary Rs. 25500 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 21,945
- Members 3: Maximum Claim Rs. 27,945
- Members 4: Maximum Claim Rs. 33,945
- Members 5: Maximum Claim Rs. 39,945
- Members 6: Maximum Claim Rs. 45,945
Pay Level 5 and Basic Salary Rs. 29200 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 21,388
- Members 3: Maximum Claim Rs. 29,388
- Members 4: Maximum Claim Rs. 35,388
- Members 5: Maximum Claim Rs. 41,388
- Members 6: Maximum Claim Rs. 47,388
Pay Level 6 and Basic Salary Rs. 35400 (Eligible Rs. 6000)
- Members 2: Maximum Claim Rs. 25,806
- Members 3: Maximum Claim Rs. 31,806
- Members 4: Maximum Claim Rs. 37,806
- Members 5: Maximum Claim Rs. 43,806
- Members 6: Maximum Claim Rs. 49,806