Govt Employees Under New Unified Pension Scheme to Receive NPS Tax Benefits: Here’s What It Means

Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

New Delhi, Jul 4 (PTI) In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government’s effort to strengthen […]

Government extends NPS tax benefits to new unified pension scheme

Government extends tax benefits from National Pension System (NPS) to Unified Pension Scheme (UPS) for central government employees.

UPS: Not all government employees will get gratuity benefit of Rs 25 lakh – Know why

The Centre is going to roll out a new pension plan 'Unified Pension Scheme (UPS)' from April 1, 2025. The UPS, which guarantees a minimum pension of Rs 10,000 for those government employees who serve for at least 10 years and a fixed pension for those who complete their entire service tenure, blends features of the Old Pension Scheme and the National Pension System (NPS).

Govt employees under new Unified Pension Scheme to receive NPS tax benefits: Here’s what it means

Unified Pension Scheme! Good news for government employees, UPS will provide tax benefits like NPS - Business League

Unified Pension Scheme: The central government has given a great gift to the central employees. Now the tax benefits of National Payment Scheme (NPS) will also be available in Unified Pension Scheme (UPS). The Finance Ministry has announced this. Let us know what is UPS and how it is different from NPS. Unified Pension Scheme: With the aim of promoting the Unified Pension Scheme (UPS), the central government has decided to give tax benefits like…

Tax Benefit in UPS: Government has announced more benefits in UPS for central employees. Details Here

The central government has given another gift to lakhs of employees seeking old pension. To promote the Unified Pension Scheme (UPS), the government has also announced income tax benefits similar to the National Pension System (NPS) to the employees opting for this scheme. Appropriate exercise has also been started for this. The Finance Ministry on Friday said that the inclusion of UPS under the tax structure is another step by the government to…