pension Archives

PPF Scheme 2025: Interest Rate 7.1%, Tenure Rules, Withdrawals, Loans, Tax Benefits & 5 Lesser-Known Facts Explained

DainikNews Live Admin8 months ago03 mins

New Delhi: The Public Provident Fund (PPF) is one of India’s most popular government-backed savings schemes. It offers investors a safe, low-risk, and tax-efficient option to build long-term wealth with steady returns. Designed for people who prefer minimal intervention in their investments, a PPF account provides a reliable alternative to conventional savings options. Launched by…

Unified Pension Scheme: One-Time Option For CG Employees Who Joined Between 1 April- 31 August 2025

DainikNews Live Admin9 months ago01 mins

New Delhi: The Pension Fund Regulatory And Development Authority (PFRDA) has released its latest circular regarding One-time option for Central Government employees who joined services on or after 01 April 2025 and up to 31 August 2025 to opt for Unified Pension Scheme (UPS). This option may be exercised up to 30 September 2025, in…

2025 Income Tax Bill Changes: More Tax-Free Lump Sum, Bigger Penalties For Early UPS/NPS Withdrawals

DainikNews Live Admin10 months ago03 mins

New Delhi: Finance Minister Nirmala Sitharaman has introduced the Taxation Law (Amendment) Bill, 2025 in the Lok Sabha. This bill updates the Finance Act, 2025, and the Income Tax Act, 1961, with the primary aim of aligning the taxation rules of the Unified Pension Scheme (UPS) with those of the National Pension System (NPS). 1….

Is Government Bringing OPS Back? Heres What Finance Minister Told Lok Sabha

DainikNews Live Admin10 months ago02 mins

New Delhi: Finance Minister Nirmala Sitharaman on Monday told the Lok Sabha that there is no proposal to restore the Old Pension Scheme (OPS) for central government employees currently under the National Pension System (NPS). She said the government had shifted away from OPS because it created an unsustainable fiscal burden on the exchequer. To…

EPS Pension Calculation: Rs 61,000, basic salary, 17, 27, and 33 years of service, find out your monthly pension

DainikNews Live Admin10 months ago04 mins

The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…

EPS Pension Calculation: Rs 68,000, basic salary, 16, 26, and 32 years of service, find out your monthly pension

DainikNews Live Admin10 months ago04 mins

The monthly pension for an employee is determined by their service period, which is taken up to the next year if their service period is six months or more. For instance, a service period of 10 years 7 months would be taken as 11 years. Taking an employee drawing a basic salary of Rs 68,000…

When Did Pensions Begin Globally And What Was The First Pension Amount In India?

DainikNews Live Admin11 months ago04 mins

Pension is the most critical financial support for senior citizens. After serving the country or state for a long time, every retired employee receives a fixed amount each month to help with their living expenses. Nowadays, not only government employees but also individuals working in private companies rely on their pensions after retirement. The pension…

Benefit Of Notional Increment For Pension Purpose Of Central Govt Employees: Clarification On Eligibility, Effective Date

DainikNews Live Admin11 months ago05 mins

New Delhi: The Department of Posts, part of the Ministry of Communications has issued an order regarding grant of notional increment on 1st July/1st January to the employees who retired from Central Govt. Service on 30th June/31st December respectively for the purpose of calculating their pensionary benefits. Department of Posts in an order issued on…

Central employees’ salary can increase by up to 34%: Right now the minimum basic salary is 18 thousand, 8th Pay Commission will be applicable from 1 January.

DainikNews Live Admin11 months ago04 mins

New Delhi2 minutes ago Copy link The salary of central employees and pensioners can increase from 30% to 34% when the 8th Pay Commission is implemented. According to the report by the brokerage firm Ambit Capital, the new fitment factor can be between 1.83 and 2.46, which will increase the basic salary of the employees….

EPS Pension Calculation: Rs 47,000 basic salary, 16, 22, and 30 years of service, find out your monthly pension

DainikNews Live Admin11 months ago04 mins

The Employee Pension Scheme (EPS) is a retirement plan managed by the EPFO that provides a monthly pension to employees after they turn 58. You can also opt for an early pension at the age of 50. Under this scheme, both employees and employers contribute to the Employees’ Provident Fund (EPF), with a portion of…