According to reports, central government employees will now enjoy tax benefits under UPS, expanding from NPS. Key highlights include:
• Employees can now access NPS tax benefits under UPS.
• This move aims to streamline retirement savings options.
• The change is set to impact taxation and investment decisions positively.
The development signifies a significant shift in retirement savings options for central government employees, offering potential tax advantages and investment opportunities under UPS.
Source: Latest Business News Today: Stock Markets, Financial News, India Business & World Business News