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  • LTC Cash Vouchers Scheme - Entitilement & Reimbursement Calculation

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    Bharat Kumar
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    This document outlines the entitlement and reimbursement calculation for an LTC cash voucher scheme. It provides details of the employee's basic pay, allowances, leave encashment amount, and total reimbursement amount. It also lists the number of family members, expected expenditure, actual expenditure, and actual reimbursement amount. Additional notes specify that minimum GST is 12%, all payments must be digital, the scheme ends March 31, 2020, settlements must be within the financial year, and bills must be submitted by March 15th. TDS will be deducted and both leave encashment and airfare are mandatory.

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    LTC voucher scheme calculations

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    This document outlines the entitlement and reimbursement calculation for an LTC cash voucher scheme. It provides details of the employee's basic pay, allowances, leave encashment amount, and total reimbursement amount. It also lists the number of family members, expected expenditure, actual expenditure, and actual reimbursement amount. Additional notes specify that minimum GST is 12%, all payments must be digital, the scheme ends March 31, 2020, settlements must be within the financial year, and bills must be submitted by March 15th. TDS will be deducted and both leave encashment and airfare are mandatory.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    9 views2 pages

    LTC Cash Vouchers Scheme - Entitilement & Reimbursement Calculation

    Uploaded by

    Bharat Kumar
    This document outlines the entitlement and reimbursement calculation for an LTC cash voucher scheme. It provides details of the employee's basic pay, allowances, leave encashment amount, and total reimbursement amount. It also lists the number of family members, expected expenditure, actual expenditure, and actual reimbursement amount. Additional notes specify that minimum GST is 12%, all payments must be digital, the scheme ends March 31, 2020, settlements must be within the financial year, and bills must be submitted by March 15th. TDS will be deducted and both leave encashment and airfare are mandatory.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    LTC CASH VOUCHERS SCHEME - ENTITILEMENT & REIMBURSEMENT CALCULATION

    BASIC PAY 66000 NPA 13200 DA 13464 PAY LEVEL (10 to 14)
    LEAVE ENCASHMENT* 30888 TOTAL REIMBURSEMENT ENTITLED
    NO. OF FAMILY MEMBERS 5 EXPECTED EXPENDITURE
    AIRFARE EQUIVALENET 0 ACTUAL EXPENDITURE
    Advance eligible, if required 30888 ACTUAL REIMBUSEMENT

    Minimum GST should be 12%


    All payments to vendors have to be made by DIGITAL mode only. No cheque or cash payments
    Scheme ends on 31/03/2020. That does not mean that you can apply on 31/03/2020.
    All settlements will have to be completed within the Financial Year.
    So ensure that all purchases and bill submissions are complete at least by 15th March.
    TDS as per applicable rates will be made, however the expenditure has to be as per amount shown above
    No bills dated prior to October 12, 2020 shall be entertained.
    Both leave encashment and LTC fare is mandatory. There is no option to not to encash leave and claim only airfare
    MBURSEMENT CALCULATION

    30888
    30888
    0
    0

    cash payments

    s per amount shown above

    encash leave and claim only airfare

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