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What is LFC and HTC in SBI?
Both , the Leave Fare Concession (LFC) and Leave Travel Concession (LTC) is a facility, identical in nature. HTC (Home Travel Concession) is also a facility for the employees to visit the place of domicile under specific stipulations.
What is LTC and LFC?
Leave Fare Concession (LFC) is the benefit provided to permanent employees of banks to travel with their family to any place in India or their place of domicile. The mode of transport and eligible distance to be covered according to the eligibility of the employee or officer.
What is LFC encashment?
1 Encashment of Privilege Leave under LFC is a travelling concession intended to augment the cost of the LFC otherwise payable. 6.1. 2 An employee is permitted to encash PL of his/her credit upto a maximum limit of one month while proceeding on LFC in a block of 4 years.
What is HTC Bank?
Backed by TD Bank, the HTC Financing Program will provide financing to customers purchasing the company’s latest mobile devices. HTC produces cutting-edge smart mobile devices and technologies. The HTC Financing Program provides cardmembers instant access to make purchases with special financing and no money down.
What is LTC HTC?
HTC is the acronym for High Temperature Conditions and LTC is the acronym for Low Temperature Conditions. HTC is geared to testing panel performance at higher temperature levels, while LTC aims at testing solar panels at low temperatures.
What is the meaning of LFC?
LFC: liverpool football club.
Is LFC taxable?
Many Salaried employees get Leave Travel Concession (LTC) from their Employers which is exempt to the extent it is actually spent on travelling. LTC which could not be spent is taxable in the hands of employee.
Does SBI provide LTC?
ACIT, the Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the Leave Travel Concession (LTC) provided to the employees of SBI is not covered under section 10(5) of the Income Tax Act in cases where foreign destination is involved.
What is the meaning of LTC?
Leave Travel Concession (LTC) is granted to Central Government employees for travel to various parts of the country and home as well.
What was the Liverpool?
| Liverpool | |
|---|---|
| Region | North West England |
| City region | Liverpool |
| Metropolitan and ceremonial county | Merseyside |
| Historic county | Lancashire |
What is LTC/HTC in LFC?
LTC AND HTC are part of LFC ( Leave fare concession) in a broad term. So to clarify further every block of 4 years, You may avail one LTC and one HTC for evey block of two years. To avail the ltc/ htc you have to use your earned leaves.
What is the difference between LFC and LTC in SBI?
LFC / LTC is a facility for the employees to travel a place of choice with dependent family members during service tenure as per given terms and conditions. In SBI , LFC is the official term. LTC is used in govt. Department. Both , the Leave Fare Concession (LFC) and Leave Travel Concession (LTC) is a facility, identical in nature.
What is the difference between LFC and HFC?
HFC: The HFC is a perk which is similar to LFC in terms of bank paying for your expenses for travelling to your home and back and it has to be availed in a block of two years. If not availed the block will be carried forward to the next block.
Can LFC/HTC be carried forward after superannuation?
However, in exceptional circumstances for genuine reasons, the LFC/HTC may be permitted to be carried forward upto 6 months beyond the date of superannuation. In such case, the competent authority would be one grade higher (CGM) than the authority who had authorised to allow carryover of LFC/HTC to the serving official.
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