July 4, 2025 3:36 PM

Government extends NPS tax benefits to new Unified Pension Scheme

The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS). The decision aims to make the Unified Pension Scheme more attractive for central government employees, providing parity between the two pension options. Introduced earlier this year, the UPS is available to new recruits joining the central government civil services from April 1, 2025. Existing gove...