Indian citizens aged between 18 and 70 years of age. After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.

Retirement planning is an important step towards fiscal security, and choosing the right pension scheme plays a significant ...

As the Centre notifies the UPS as an option under the National Pension System, let's see how does it differ from the earlier ...

The National Pension System (NPS) carries a tax-exempt status, which is classified under the EEE (Exempt-Exempt-Exempt) ...

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees ...

If a central government employee voluntarily retires after 25 years of service, the assured pension payouts will begin at the ...

Tamil Nadu government forms committee to review pension schemes, sparking debate over potential changes before upcoming elections.

The Centre introduced the Unified Pension Scheme (UPS) for central government employees last year, combining elements from ...

NPS offers significant tax benefits to encourage long-term retirement savings. Under Section 80 CCD (1), you can claim a tax ...

The UPS will offer 50% of average basic pay drawn by a federal employee over the 12 months before retirement provided he or ...

The Unified Pension Scheme (UPS), notified by the Finance Ministry, assures a 50% pension of the last 12 months' average ...