Tag: #nps

Union finance minister Nirmala Sitharaman with a child during the launch of NPS Vatsalya Scheme, in New Delhi, Wednesday (PTI)
Posted in Business

Sitharaman launches NPS Vatsalya that lets parents open pension account for kids

NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said the old-age financial security scheme, National Pension System (NPS) is a “very attractive proposition” for…

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Under this scheme, parents or guardians can open an NPS account for their children, making regular contributions until the child turns 18. (Representational Image/Pixabay)
Posted in Business

NPS Vatsalya for minors to launch in two weeks, find all its details here

Sep 06, 2024 12:25 PM IST NPS Vatsalya, originally proposed in the Union Budget 2024 is a modified version of the National Pension System (NPS),…

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Over 23 lakh govt employees under NPS get option to choose unified pension scheme
Posted in Economy

Over 23 lakh govt employees under NPS get option to choose unified pension scheme

New Delhi: The just-announced Unified Pension Scheme for central government employees will be available only for those who are currently subscribers of the New Pension…

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UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
Posted in Economy

UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme

The Maharashtra Cabinet on Sunday approved the central government‘s Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours…

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NPS Vatsalya is a plan for minors where contribution can be made by parents and guardians. The scheme will be converted to regular NPS once the child attains the age of 18. (PTI)
Posted in Business

New pension scheme for minors introduced in Union Budget 2024: Details and how to apply

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman in the parliament on July 23 announced a new pension scheme for minors, called the…

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Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want
Posted in Finance

Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want

The new income tax regime, also known as the concessional tax regime, is designed to offer lower tax rates for individual taxpayers compared to the…

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Though no change in interim budget, full budget should ease these pain points of investors
Posted in Finance

Though no change in interim budget, full budget should ease these pain points of investors

Once upon a time, a good budget was one that did a lot of things. Now, a good budget is one that does as little…

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Deductions that must be added in new tax regime to make it attractive in interim Budget 2024: Experts
Posted in Finance

Deductions that must be added in new tax regime to make it attractive in interim Budget 2024: Experts

The government is trying to make the new tax regime (introduced in FY 2020-21) more attractive vis-à-vis the old tax regime. In Budget 2023, standard…

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Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: Experts
Posted in Finance

Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: Experts

The government wants to encourage people to move to the new tax regime which combines lower tax rates with a very limited number of exemptions….

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Several users have complained of errors in the app.
Posted in Business

NPS Trust launches ‘user-friendly’ app, subscribers complain of glitches

The National Pension System Trust (NPS Trust), responsible for managing funds under the National Pension System (NPS), announced on Tuesday that it has launched a…

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