National Pension System

Modi Govt Eases Early Retirement Rules

25 Oct 2024

The Modi government recently introduced significant updates to voluntary retirement rules for central government employees under the National Pension System (NPS), a move aimed at enhancing flexibility for eligible civil servants. According to the Department of Pension and Pensioners’ Welfare (DoP&PW), government employees who have completed 20 years of service...

Unified Pension Scheme Vs. NPS: Key Differences Explained

24 Aug 2024

New Delhi: The central government recently approved the Unified Pension Scheme (UPS), offering government employees an "Assured Pension and Assured Family Pension." This new scheme is set to roll out on April 1, 2025, and it promises a defined retirement benefit that contrasts sharply with the existing National Pension System...

Budget 2024: Six Key Income Tax Benefits for Taxpayers to Watch Out For

18 Jul 2024

As Budget 2024 approaches, taxpayers can look forward to several potential changes that could ease their financial burden. Here are six key income tax benefits expected to be announced by Finance Minister Nirmala Sitharaman on July 23: Standard Deduction The standard deduction, which was first introduced at ₹40,000 in the...