Employee’s LFC/LTC Rail fare Chart Calculation Sheet, When ever any of my friends need to go on LTC or LFC thay started asking about the fare chart of Railways, “What is the base fare of Railways” ? Due to the problem face by many of friends and viewers I have decided to provide the Updated Rail Fare chart for LFC/LTC Calculation.
Almost all the Public or Private employers provide LTC or LFC to their employees as an extra benefit.There are various cadre and eligibility of distance traveled under LTC and LFC, which are depends on the Scale of Posts the individual is availing.
Read : Revise LFC Encashment Fair Rules For Employees, Income Tax
For Example : In banking Sector LFC/LTC rules are :
a) For availment of leave fare concession under a 2 year block for visit to any place within India, the maximum permissible distance shall be 2500 km. for subordinate staff and 2000 km. for non-subordinate staff. (These are updated for bankers in 10th Bipartite)
b) For availment of leave fare concession under a 4 year block for visit to any place in India, the maximum permissible distance shall be 5000 km. for subordinate staff and 4000 km. for non-subordinate staff. (These are updated for bankers in 10th Bipartite)
(ii) With the effect from the date of settlement, the class of fare to which the workman and the members of his family would be entitled, shall be as follows :
Subordinate Staff :
AC III Tier for the journey by mail/express train.
Non-subordinate Staff :
AC II Tier for the journey by mail/express train.
Now For calculation purpose Just find out the Base fare of Lean period from the Rail fare chart below. The Fare chart carrying both type of fare i.e. Peak Hours and Lean period. For Calculation the lean period should be considered.
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