The revised new tax regime introduces up to date revenue tax slabs for FY2025-26. (AI picture) As the brand new fiscal 12 months commences (April 1, 2025 – March 31, 2026), a number of important modifications in revenue tax, monetary frameworks and banking operations will influence residents, organisations and market contributors. The revisions embrace changes…
The Pension Fund Regulatory Authority of India (PFRDA) has notified that the Unified Pension Scheme (UPS) for central authorities staff will change into operational from April 1, 2025. The UPS guarantees to provide authorities staff an assured pension of fifty% of their common fundamental pay drawn over the previous 12 months, previous to superannuation.(Reuters) Because…
The Unified Pension Scheme (UPS), launched by the central authorities as a substitute for the Nationwide Pension System (NPS), will come into impact on April 1, the federal government introduced earlier this 12 months. Below the UPS, authorities staff will contribute 10% of their fundamental wage, together with the dearness allowance, whereas the federal government’s…
NEW DELHI: Centre has notified Unified Pension Scheme for central govt workers, providing assured payouts, together with inflation changes, to those that full 25 years or extra of service. Staff have been given a one-time choice to change to the UPS, which can come into impact in April. Within the 25 year-plus class, the payout…
