Major Tax Changes for Pensions: New Bill Aligns UPS and NPS Rules
New Tax Bill Brings Major Changes for Pensions and Withdrawals The Lok Sabha has approved the new Income-Tax (No. 2) Bill, 2025, which aims to replace the 60-year-old Income-Tax Act of 1961. This landmark legislation, introduced by Finance Minister Nirmala Sitharaman, is designed to streamline the tax code and provide more clarity for retirees and … Read more