The Modi government has not yet announced the increase in DA (Dearness Allowance) but has taken a different decision in the interest of government employees. Central and state government employees will be able to claim the premium of their new life insurance policy in the LTC Cash Voucher Scheme.
Delhi: Last year, most people were forced to stay in their homes during the summer vacation. The reason you all know is Coronavirus. Due to Corona, lockdown was imposed in the country, then there was a ban on movement and movement. If you had even stopped going out of the house, where would you have been able to go around. Due to this LTC of government employees were ruined, but now the Modi government has given conditional relief to the same crores of government employees.
Big gift to government employees
During the Corona period, the loss of LTC was very painful for every government employee. The Modi government understood the pain of the employees and now has given them great relief. Actually, the government has issued new rules of LTC claim. According to the new rules, if an employee has taken any new life insurance during the corona period, then it can be claimed in the LTC scheme. Apart from the central employees, the state government employees will also benefit from this change made in the LTC scheme. This means that crores of government employees from all over the country have received the gift before Holi.
Understand LTC Cash Voucher Scheme
In view of the Corona era, the Modi government launched the LTC Cash Voucher Scheme. Under this, shopping done between October 12 and March 31, on which GST was paid at 12 percent and above, can be claimed as income tax rebate. Apart from this, every employee can get at least 10 thousand under the LTC Cash Voucher Scheme.
What is LTC
LTC (Leave Travel Concession) is a facility offered to government employees. Under this, money is released from the government to rotate the employees 2 times every 4 years. This amount is decided according to the salary grade of the employee. Employees who had to take advantage of LTC last year were disappointed because Corona had disrupted everything.
Waiting for increase in DA
In the Corona period, the increase in DA was banned. If this month the government announces the current and previous increase of 4 + 4, then dearness allowance can reach 25 per cent. Right now 17 percent is getting dearness allowance. Since the budget, there is a continuous increase in DA and DR. In February, there was every hope that the government would announce but till now, the waiting period is going on. Now, as the new month starts, hopes have increased once again, because this month is also the festival of Holi.
