Articles

A comprehensive summary of the tax treatment of gratuity, pension, EPF, NPS, leave encashment, VRS, and retrenchment compensation.

Income Tax applicability on Retirement Benefits

Notifications

The Central Government has introduced changes to the rules so that Central Government employees have more options for investment under NPS and UPS.

Government Notifies New Life Cycle Fund Options Under NPS and Unified Pension Scheme

Press Release

A one-time, one-way switch facility has been introduced, allowing employees under UPS to shift to NPS under specified conditions.

DFS Issues Guidelines on Opting Between UPS and NPS for Central Government Employees

The Ministry of Finance offers a one-way switch facility from UPS to NPS for eligible employees, subject to some specified conditions.

Central Govt Employees Must Decide Between UPS and NPS by September 30

The Ministry of Finance has enabled a one-time, one-way option for Central Government employees under the UPS to switch to the NPS subject to condition.

Government Notifies One-Time Switch from UPS to NPS for Central Employees

Finance Ministry clarifies in Lok Sabha that there is no proposal to restore OPS, outlining key features and rationale of the Unified Pension Scheme (UPS) under NPS.

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Income Tax applicability on Retirement Benefits

Government Notifies New Life Cycle Fund Options Under NPS and Unified Pension Scheme

DFS Issues Guidelines on Opting Between UPS and NPS for Central Government Employees

Central Govt Employees Must Decide Between UPS and NPS by September 30

Government Notifies One-Time Switch from UPS to NPS for Central Employees

Finance Ministry Response on OPS Restoration and UPS Features in Lok Sabha