📢 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.

5️⃣Budget & 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