yes your are correct
LTC is allowed only for 2 children
As per below given rule:
The restriction of the concession to only two surviving children or step-children shall not
be applicable in respect of :-
i) those employees who already have more than two children prior to the
coming into force of this restrictions, i.e., 20-10-1998;
ii) Where the number of children exceeds two as a result of second child
birth resulting in multiple births.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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