Pension

What to Know Before You Switch: A Guide to the New Pension Choice

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What to Know Before You Switch: A Guide to the New Pension Choice

A New Pension Choice for Central Government Employees The Ministry of Finance has introduced a significant, one-time opportunity for Central Government employees currently enrolled in the Unified Pension Scheme (UPS) to switch to the National Pension System (NPS). This option is available to eligible employees up to one year before their superannuation or three months … Read more

India’s Income Tax Bill 2025: Full Tax Exemption on Commuted Pensions for All Retirees

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India’s Income Tax Bill 2025: Full Tax Exemption on Commuted Pensions for All Retirees

Major Tax Relief for Retirees: Income Tax Bill 2025 Grants Full Exemption on Commuted Pensions The Income Tax Bill, 2025, which recently passed the Lok Sabha, is set to bring a significant change to how retirees’ commuted pensions are taxed. The bill grants a full tax deduction on commuted pensions for all taxpayers, regardless of … Read more