Introduction There is good news for seniors in the Union Budget 2025, especially those who depend on fixed-income programs like the SCSS. Changing the Tax Deducted at Source (TDS) policy, the government has raised the TDS exemption ceiling for older folks from ₹50,000 to ₹1 lakh on interest income. Effective from April 1, 2025, this …
Meetings of a country’s parliament are pivotal moments in its democratic process since they are when major decisions, arguments, and laws are enacted. During these sessions, explicit and stringent directives are given about leave for Members of Parliament (MPs) and parliamentary staff to keep parliamentary work efficient and continuous. The following is a comprehensive guide …
One way to secure your financial future in old age is to contribute to the National Pension System (NPS), a government-backed savings option. Millions of Indians may now participate in this program since creating an NPS account is as easy as visiting any post office. If you want to know what kinds of NPS accounts …
Along with the current National Pension System (NPS), government workers will have a substantial alternative with the Unified Pension Scheme (UPS), which is scheduled to be introduced in April 2025. Workers approaching retirement age will benefit from this program’s increased financial stability and adaptability, according to the Ministry of Finance. What is the Unified Pension …
An important change to the pension system for government workers has been announced with the Unified Pension Scheme (UPS) announcement, according to the latest gazette. Designed to solve issues about financial security upon retirement, the program provides a balanced and guaranteed solution by combining features of the previous pension system with the National Pension System …
Combining the finest elements of the National Pension System (NPS) with the former pension system, the Unified Pension System (UPS) has become a historic project for government workers. While maintaining financial discipline, this action seeks to meet the long-standing need for a more safe and predictable retirement system. Central government employees who began working for …
Introduction If you’re looking for a secure way to save and grow your money, post office savings schemes can be an excellent choice. These government-backed schemes not only offer attractive interest rates but also ensure the safety of your investment. In this blog, we will explore the benefits, types, and key details of post office …
Introduction The Rakshaa Android software is a great tool for two-factor authentication (2FA), and the Department of Posts is one of its main users for safe logins. If you’re curious about how to install the Rakshaa app on your Android phone, you can easily do so. The Rakshaa mobile app is also easy to install; …
Introduction Investing in Post Office savings schemes is one of the safest ways to grow your wealth in India. These government-backed schemes provide guaranteed returns and are ideal for those looking for a risk-free investment. With interest rates as high as 8.2%, Post Office savings schemes ensure financial stability and steady growth. Here are five …
Introduction Established in 1884, Postal Life Insurance (PLI) is one of India’s oldest life insurance plans. Government and semi-government workers, professionals, and other eligible individuals are now included in its coverage, which was initially introduced for postal employees. Renowned for low rates and strong bonuses, PLI gives policyholders and their families financial stability. Features of …