Calculate the full amount of LTC receivable in the declared cash in this excel form
With that in mind, it is important to mitigate the risk of losing private keys or having your coins sent over to unintended recipients. Both can happen in the case of a computer compromised by malware or spywares, so it is important that you have sufficient measures to guard against that, such as using anti-virus softwares and practicing safe browsing habits
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While TDS is applicable in the case of leave encashment, since the cash reimbursement of LTC fare is in lieu of deemed actual travel, the same shall be allowed exemption on the lines of existing income-tax exemption available to LTC fare. The legislative amendment to the provisions of the Income-Tax Act, 1961 for this purpose shall be proposed in the due course. Hence, TDS shall not be required to be deducted on the reimbursement of deemed LTC fare.
An employee can avail the scheme in partial, i.e. of the LTC of part of the eligible family. Since this is an optional scheme, if the LTC fare of any member of the family has not been utilized for this purpose, those members can avail LTC subject to extent instructions under LTC rules.
Clarification: If as per the calculation suggested in LTC Cash Voucher Scheme Order dated 12th October, 2020, 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.
LTC'S NEW CASH PACKAGE CALCULATION SHEET
Calculate the full amount of LTC receivable in the declared cash in this excel form
LTC CALCULATOR
PARIPATRA click here to Download
LTC રોકડ પેકેજ માહિતી શિક્ષક જ્યોત પેજ
PDF FILE click here to Download
