Payroll Update – Important Announcement dtd 20/03/2026

📢 *Payroll Update – Important Announcement dtd 20/03/2026*

1️⃣ *LTC Update*

👉 LTC is *taxable* as per latest clarification. Please verify with transaction data.

2️⃣ *Income Tax Treatment for Old Regime*

👉 LTC will be treated as *taxable income under Old Regime with full exemption*. Kindly verify in Income Tax Form / IT Calculator page Leave Travel Concession.

3️⃣ *Income Tax Declarations (Self Service) - Misc Services*

📌 Except for *Professional Tax & Employer Contributions*:

(a) ✅ Ensure declarations are *submitted & approved* for FY 2025 *on or before 31st March*

(b) 📅 Declarations submitted *from 1st April onwards* will apply to *FY 2026*

(c) 🚫 From *1st April*, no provision for DDOs/Employees to *add/remove/edit* declarations for FY 2025

(d) 📊 This is equally Applicable for *Income from Other Sources / House Property* Declaration

4️⃣ *March 2026 Salary Declarations*

👉 Any required IT declaration for *March 2026 salary* can be submitted only *from 1st April 2026* and not before.

5️⃣ *Budget & Accounting*

💰 March 2026 salary to be accounted under *New Financial Year 2026*

6️⃣ *GPF Final Withdrawal*

🧾 Added in *Supplementary Bill*

✔️ Allowed only during *last 3 months of exit* with *gpf balance check* and 1 employee id at a time.

👉 Accoridngly, self service request is disabled *during last 3 Months* .

✨ Wishing all DDOs a smooth *Financial Year-End!*💐💐

🙏 *Regards*

*Team Payroll,*

*CEPT*