What is leave encashment? Simply put encashment of the paid leave that you have and which has not been utilized is called 'leave salary.' According to the Sixth Pay Commission's revised LTC ...

New Delhi: The encashment of leave for availing leave travel concession (LTC) will be given only once in a year, the Centre said today.

Leave encashment is different from LTC. Many employers allow employees to encash a portion, say 10-15 days, of their unutilised leave every year — this is known as leave encashment.

Where leave encashment is available, it will also be tax free. For most private sector employees having non taxable income, there will be no benefit under the LTC Scheme as only tax exemption is ...

However, ex-post facto sanction of leave encashment on LTC may be considered by the sanctioning authority as an exception in deserving cases within the time limit prescribed for submission of ...

The cash equivalent of entitled LTC fare and leave encashment will be given to the employee if they fulfill the following conditions: 1) ...

Under the LTC Cash Voucher Scheme, government employees can opt to receive cash in lieu of LTC during the block period of 2018-21, which equals the amount of Leave Encashment plus fare, provided ...

This will be counted towards the number of leave encashment on LTC available to employees. > Invoices of goods and services availed with GST rate not less than 12 per cent can also be claimed ...

The government while relaxing the cash encashment condition under the LTC cash voucher scheme, has also enabled it for the Central government employees to buy a new insurance policy with the ...

The incentive schemes for central government employees is likely to create demand to the tune of Rs.36,000 crore - split between Rs.28,000 crore from the leave travel concession (LTC) voucher ...

It appears that the benefit of the LTC scheme will not be available to employees who have opted for the simplified tax regime. English. Hindi; Gujarati; Specials. Search Quotes, News, Mutual Fund NAVs ...