7th Pay Commission Latest News Today: Government employees to benefit as Centre clears air on LTC cash voucher scheme

7th Pay Commission latest news today: Keeping festival season in mind, Modi government is giving travel concession cash voucher to central government employees. Under this scheme, the government is providing different benefits to its employees. Initially, there was some confusion about this scheme among employees, but the government has cleared the air around it now.

The government employees were confused about the fact whether they need to take leave to avail benefits under this scheme or not. Also, there was confusion as to whether the employees need to attach travel bills to claim the benefits of the cash voucher or not. However, the expenditure department under the Finance Ministry has made it amply clear that the employees will neither have to travel nor take leave for traveling to avail the benefits of this scheme. Under this scheme, employees are being given this special package in place of leave and travel allowance. Employees can spend the amount given under this scheme as per their choice.

Apparently, central or government employees get the benefit of Leave Travel Allowance (LTA) only when they travel and submit bills of their expenditure during their journey to claim it. If the employees decide not to travel, they do not get full benefit of LTA. However, keeping hardships faced by the employees due to coronavirus pandemic, the government has decided to give them cash voucher under LTA scheme. The move is likely to provide much needed breather to the employees in these difficult times.
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Under this scheme, the employees can now purchase goods and services thrice the fare of rail and air fares in place of leave. The employees can now avail monetary benefits under this scheme without travelling and can also save money in tax on purchases made with this amount. However, the employees can spend the amount received under this scheme on only goods and services incurring tax of more than 12 per cent.