Friday, March 30, 2018

Good news for Rail employees : LTC available as per 7th CPC

Railway employees can now avail LTC

In a first, Railway employees will now be able to avail Leave Travel Concession (LTC), the government has said. A March-27 circular issued by the Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training (DoPT) confirmed the step taken to extend the benefit to railways employees and their spouses.
Railways personnel were so far not entitled to the LTC as the facility of “Free Pass” is available to them. The allowance has been okayed after the Seventh Pay Commission recommended that railway employees be brought into the LTC fold. LTC  is a type of allowance given to an employee for covering travel expenses when on a leave. It is tax-exempt under the Income Tax Act.
“The matter has been considered in this department in consultation with Ministry of Railways. It has been decided that Railway employees may be allowed to avail all-India LTC once in a block of four years…The ‘All-India LTC’ will be purely optional for railway employees,” the Ministry was quoted as saying by PTI.

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