LTC Cash Voucher Calculator
The Leave Travel Concession (LTC) Cash Benefit Voucher Scheme is a little bit confusing on the calculation with or without encashment. As per the recent clarification issued by the Department of Expenditure on 25 November 2020, the lesser amount between actual expenditure and notional fare only will be taken for the account of the full cash benefit. The below table describes the full cash benefit for all categories.
| Category | 2 Members | Full Cash Benefit |
| 6,000 | 12,000 | 36,000 |
| 20,000 | 40,000 | 1,20,000 |
| 36,000 | 72,000 | 2,16,000 |
| Category | 3 Members | Full Cash Benefit |
| 6,000 | 18,000 | 54,000 |
| 20,000 | 60,000 | 180,000 |
| 36,000 | 108,000 | 324,000 |
| Category | 4 Members | Full Cash Benefit |
| 6,000 | 24,000 | 72,000 |
| 20,000 | 80,000 | 240,000 |
| 36,000 | 144,000 | 432,000 |
| Category | 5 Members | Full Cash Benefit |
| 6,000 | 30,000 | 90,000 |
| 20,000 | 100,000 | 300,000 |
| 36,000 | 180,000 | 540,000 |
| Category | 6 Members | Full Cash Benefit |
| 6,000 | 36,000 | 108,000 |
| 20,000 | 120,000 | 360,000 |
| 36,000 | 216,000 | 648,000 |
| Category | 7 Members | Full Cash Benefit |
| 6,000 | 42,000 | 126,000 |
| 20,000 | 140,000 | 420,000 |
| 36,000 | 252,000 | 756,000 |
| Category | 8 Members | Full Cash Benefit |
| 6,000 | 48,000 | 144,000 |
| 20,000 | 160,000 | 480,000 |
| 36,000 | 288,000 | 864,000 |
| Category | 9 Members | Full Cash Benefit |
| 6,000 | 54,000 | 162,000 |
| 20,000 | 180,000 | 540,000 |
| 36,000 | 324,000 | 972,000 |
LTC Cash Voucher Scheme FAQ No 1
LTC Cash Voucher Scheme FAQ No 2
LTC Cash Voucher Scheme FAQ No 3
READ ALSO:
- Special Cash Package equivalent in lieu of LTC Fare for Central Govt Employees Availed up to 31.03.2021
- LTC – Relaxation to Travel by Air to visit NER, Jammu Kashmir, Ladakh and Andaman Nicobar extended for 2 Years
LTC Cash Voucher Calculation Formula
LTC Cash Benefit = Amount Spend x Deemed LTC Fare / Amount to be Spent for Full Cash Benefit
Example (1) (without Leave Encashment)
Claiming for family of 4 eligible for economy class air travel.
Fare Value : Rs.20,000 x 4 = Rs.80,000
Amount to be spent for full cash benefit = Rs.80,000 x 3* = Rs.2,40,000
3 times of notional airfare (80,000 x 3=2,40,000)
Cash benefit = Amount Spent X deemed LTC (80,000 in this case)/ Amount to be spent for full cash benefit
Thus, if an employee spends say Rs.2,40,000 or above, he will be allowed cash amount of Rs.80,000. However, if the employee spends less than Rs.2,40,000, say 1,80,000 then he may be allowed cash amount in the same proportion as illustrated above which comes out Rs.60,000 in this case.
[1.80,000 x 80,000 = 60,000] / 2,40,000
Example (2) (without Leave Encashment)
Claiming for family of 4 eligible for Train travel.
Fare Value : Rs.6,000 x 4 = Rs.24,000
Amount to be spent for full cash benefit = Rs.24,000 x 3* = Rs.72,000
Cash benefit = Amount Spent X deemed LTC Fare (24,000 in this case)/Amount to be spent for full cash benefit
3 times of notional trainfare (24,000 x 3=72,000)
Thus, if an employee spends Rs.72,000 or above, he will be allowed cash amount of Rs.24,000. However, if the employee spends less than Rs.72,000 say 48,000 then he may be allowed cash amount in the same proportion as illustrated above which comes out Rs.16,000 in this case.
[(48,000 x 24,000/72,000) = 16,000].
Leave Travel Concession Cash Benefit Scheme for Central Government Employees
What is LTC Cash Voucher Scheme?
The Central Government has recently announced a new cash benefit scheme for Central Government employees in lieu of Leave Travel Concession.
How to calculate LTC Cash Voucher amount?
The employee spends the money of a larger sum than the entitlement on account of LTC on actual expenditure. Cash equivalent of full leave encashment will be allowed, provided the employee spends an equal sum. This will be counted towards the number of leave encashment on LTC available to an employee.
Example for Calculation:
Pay of an employee: Rs 1,38, 500 and has family of 4 eligible for economy class air travel.
Leave encashment (1,38,500 x 1.17) x10/30 = Rs. 54,015
Fare Value: Rs. 20,000 x 4 = Rs. 80,000
Total Value: = Rs. 1,34,015
Amount to be spent for full cash benefit = Rs. 54,015 + 2,40,000*= Rs. 2,94,015
(a) Share of Leave Encashment in total = 54,015 X 100 / 2,94,015 = 18%
(b) Share of Fare in total = 80,000 X 100 / 2,94,015 = 27%
* 3 times of notional airfare (80,000 x 3 = 2,40,000)
Thus, if an employee spends Rs. 2,94,015 or above, he will be allowed cash amount of Rs. 1,34,015.
However, if the employee spends Rs. 2,40,000 only, then he may be allowed 18 % on account of Leave Encashment (Rs. 43,200) and 27% on account of fare value (Rs. 64,800). The total amount payable shall be Rs. 1,08,000.
Illustrations for all Pay Matrix Levels on LTC Cash Benefit Scheme for CG Employees
Illustration for LTC Voucher – Pay Matrix Level 1
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
Illustration for LTC Voucher – Pay Matrix Level 2
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
Illustration for LTC Voucher – Pay Matrix Level 3
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
Illustration for LTC Voucher – Pay Matrix Level 4
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
Illustration for LTC Voucher – Pay Matrix Level 5
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
Illustration for LTC Voucher – Pay Matrix Level 6
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
Leave Travel Concession (LTC) Cash Voucher Scheme Application Form
Application Form for Special Cash Package in Lieu of LTC
LTC Fare + 10 Days EL Encashment
LTC During Block Year 2018-21
- Name / Designation of the Government Servant:
- Date of entering the Government Service:
- Basic Pay: Rs.
- Pay Matrix Level:
- Whether Permanent of Temporary:
- Home Town as recorded in Service Book:
- Whether wife / Husband is employed And if so whether entitled to LTC:
- Whether the concession is to be surrendered for visiting Home-Town, and if so block year
- If the concession is to be surrendered “anywhere in India” Block year proposed to be surrendered:
- Single Deemed LTC fare:
- Whether advance is required: Yes / No
- Persons in respect of whom LTC is proposed to be availed:
| Sl.No. | Name | Age | Date of Birth | Relationship | Block year to be availed |
| 1 | |||||
| 2 | |||||
| 3 | |||||
| 4 |
I declare that the particulars furnished above are true and correct to the best of my knowledge. I undertake to produce the receipts towards the purchase or availing goods and services which carry a GST rate of not less than 120/0 from GST registered Vendors/ Service providers through digital mode indicating clearly the GST number and the amount of GST paid.
In the event of cancellation of the application or if I fail to produce the valid receipts within the stipulated time frame, I understand to refund the entire advance in one lump sum along with penal interest as applicable.
- Name of the Bank:
- Saving Bank Account No:
- IFSC Code:
- Branch MICR Code:
- Date:
- Signature:
- Name:
- Designation:
Click Here to Download: LTC Cash Voucher Scheme Application Form PDF Download