Premium paid for insurance policies purchased between October 12, 2020, and March 31, 2021, by central government employees will be eligible for reimbursement under the LTC cash voucher scheme. Issuing the third set of the FAQ, the Department of Expenditure under the Finance Ministry, also clarified that for purchases of goods like cars, employees can submit a self-attested photocopy of bills instead of original bills as proof for availing the benefit under the scheme.
On October 12, the government announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of 12 percent or above to avail of the benefit. The payments for such purchases have to be made via digital mode or cheque or demand draft or NEFT/RTGS. So far, employees had only Leave Travel Concession (LTC) benefits on travels made, or else they had to forgo the amount.
The Expenditure Department said payment of premium for existing insurance policies would not be covered under the LTC cash voucher scheme. “However, payment of premium for insurance policies purchased during the period between October 12, 2020, and March 31, 2021, is eligible for reimbursement under the scheme,” it said.
Vouchers/ bills for availing the benefit under the scheme has to be submitted on or before March 31, 2021. Regarding submission of bills by employees who would superannuate before March, the Expenditure Department said, “vouchers/ bills should be submitted and settled before the date of superannuation”.
On whether an employee would be required to submit original bills for the purchase of cars as the same may be required for claiming its warranty and ownership, it said, “self-attested photocopy” would suffice. “However, the original bills may be produced on demand for information,” it added.
Mean-while, India’s COVID-19 caseload increased to 92.66 lakh with 44,489 new infections being reported in a day, while the recoveries surged to 86.79 lakh, the Union health ministry said on Thursday. The country’s infection tally mounted to 92,66,705, while the deaths climbed to 1,35,223 with 524 new fatalities, the ministry data updated at 8 am showed.
The COVID-19 active caseload has risen to 4,52,344, an increase of 7,598 cases from Wednesday, even though it remained below 5 lakh for the 16th consecutive day. The active cases comprise 4.88 percent of the total caseload, the data stated. The total number of people who have recuperated from the disease surged to 86,79,138, pushing the national recovery rate to 93.66 percent, while the COVID-19 case fatality rate stands at 1.46 percent.
