Are railway employees eligible for LTC?

Railway employees are allowed to avail LTC as per DoPT OM dated 27th March 2018 2. Railway employees continue to be governed fully by the Railway Servants (Pass) Rules. “All India LTC” will be purely optional for the railway employees.

Who are eligible for LTC?

Any employee with one year of continuous service on the date of journey performed by him/his family is eligible. Employees whose spouses are working in Indian Railways/National Airlines are not eligible for LTC.

What is the rule of LTC?

Leave Travel Concession (LTC) is granted to Central Government employees for travel to various parts of the country and home as well. The number of home travel visits allowed are two. This is made available every four years. One of the hometown visits can be substituted with an “All India visit”, if needed.

What is the full form of LTC?

LTC

How can I avail LTC scheme?

The employee has to spend an amount of 100\% equal to the leave encashment value to avail of the benefit. 3. An employee has to provide proof of receipts (including the invoice and details of the GST paid) towards goods and services bought to avail of the benefits under the scheme.

What is Travelling allowance in railway?

Known as TA among Railway employees. (TA is rarely paid as most of the official duties are performed by Train). Daily Allowance is paid for official journey beyond 8 km from headquarters….Daily Allowance(Popularly known as TA)

What is TPT salary?

Transport allowance is an allowance given to meet commuting expenses between place of residence and office or to meet personal expenditure of employee of transport business. Conveyance allowance is an allowance granted to meet the expenditure on conveyance in performance of office duty.

What is LTC income?

A Look-Through Company (LTC) is a kind of tax structure for New Zealand companies with limited liability, which allows the company in question to transfer its income and expenditure to its shareholders directly.