Finance Minister Nirmala Sitharaman expanded tax exemptions for NPS Vatsalya, including Sections 80CCD(1B), 12(B), and ...

NPS offers significant tax benefits to encourage long-term retirement savings. Under Section 80 CCD (1), you can claim a tax ...

In the history of pension schemes, UPS is the latest addition. UPS is a pension scheme, however, here an employee has to contribute 10% of their basic pay and the DA (dearness allowance). The ...

The National Pension System is a government-run investment scheme designed to provide retirement income to its subscribers.

A key fact is that only 2.2 million individuals have enrolled for the scheme despite it existing for nearly a decade ...

Finance Ministry introduces Unified Pension Scheme (UPS) under National Pension System (NPS) for government employees, ...

The UPS was approved by the Union Cabinet on August 24, 2024 for nearly 23 lakh central government employees and aims to ...

“It is proposed to extend the tax benefits available to the National Pension Scheme (NPS) under sub-section (1B) of section ...

The NPS Vatsalya Scheme, launched on September 18, 2024, allows parents or guardians to open National Pension Scheme (NPS) accounts for minors, ensuring savings and pension benefits until the child ...

Both current and future Central Government employees covered under the National Pension Scheme (NPS) have the option to ...

The Finance Ministry has announced a new pension scheme, the Unified Pension Scheme (UPS), which will come into effect from ...

Government employees retiring by March 31, 2025 can opt for Unified Pension Scheme (UPS) with increased contributions and ...