“In the realm of finance and investment, understanding various aspects such as Income Tax, OPS (Old Pension Scheme), and NPS (National Pension System) is crucial for individuals and businesses alike. Income tax plays a fundamental role in the financial landscape, affecting personal and corporate finances significantly. It encompasses various regulations and provisions that influence how income is taxed, deductions available, and compliance requirements. OPS and NPS, on the other hand, are retirement-oriented schemes designed to provide financial security post-employment. OPS is a traditional pension scheme offered to government employees, guaranteeing a fixed monthly pension upon retirement. In contrast, NPS is a voluntary contribution-based pension system open to all citizens, offering flexibility and investment choices to build a retirement corpus. These financial instruments form the cornerstone of effective financial planning, ensuring individuals can navigate their financial journey with confidence and security.”
Facebook Twitter Wordpress Wordpress NMOPS J&K Observes Fast for OPS on Teachers’ Day A powerful display of solidarity despite adverse weather conditions In a definitive act of solidarity and resolve, the NMOPS J&K observes fast for OPS on Teachers’ Day, September 5th. This decisive action highlights the unwavering commitment of government employees across the Union […]
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Facebook Wordpress Twitter Wordpress NMOPS Raises Concerns Over UPS Implementation BBC News Hindi recently published remarks by Vijay Kumar Bandhu, National President of NMOPS, highlighting the lack of dialogue before launching the Unified Pension Scheme (UPS). This triggered a wave of discussions summarized by one headline: NMOPS Raises Concerns Over UPS Implementation. The Core Dispute
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Facebook Wordpress Twitter Wordpress Restoration of Old Pension in J&K: Government’s Official Stand The issue of Restoration of Old Pension in J&K has been one of the most debated topics among government employees in Jammu and Kashmir. For years, employees appointed after 1st January 2010 have been demanding clarity regarding their post-retirement benefits and advocating
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Wordpress Facebook Twitter Wordpress New Income Tax Act 2025 – Comprehensive Guide to Key Changes & Taxpayer Implications India’s taxation framework has undergone its most significant transformation in six decades with the implementation of the New Income Tax Act 2025. This landmark legislation replaces the archaic Income-Tax Act of 1961, introducing sweeping reforms that modernize
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Wordpress Facebook Twitter Wordpress New Income Tax Bill Replaced Six Decades of the Old Act – A Historic Reform August 13, 2025 | By Faiz Attari In a landmark move that will transform India’s taxation landscape, Parliament has passed the New Income Tax Bill Replaced Six Decades of the Old Act”, marking the end of
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4% DA Hike Confirmed for Central Govt Employees: What It Means for Salaries A 4% Dearness Allowance (DA) hike has been officially approved for Central Government employees, bringing welcome financial relief amid ongoing inflationary pressure. This move not only boosts monthly income for millions but also sets the stage for future pay structure revisions. In
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Income Tax Return Deadline Extended: A Relief for Taxpayers Till September 15, 2025 The government has announced a much-needed extension for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2025-26. The deadline, originally July 31, 2025, has now been extended to September 15, 2025, offering taxpayers extra time to organize their finances and file accurately.
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What Happens to Your NPS Contributions When You Switch to UPS? If you’re a government employee and considering switching from the National Pension System (NPS) to the Unified Pension Scheme (UPS), commonly known as the Old Pension Scheme (OPS), you’re not alone. Across India, many employees are asking one crucial question:“What happens to your NPS
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UPS vs NPS: Which Pension Scheme is Best for Central Government Employees? The Indian government has introduced the Unified Pension Scheme (UPS) as an alternative to the National Pension System (NPS) for Central Government employees. But which scheme is better—UPS or NPS? In this detailed comparison, we’ll analyze the benefits, drawbacks, and key differences between UPS and NPS to help you make
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File Your Income Tax Return Like a Pro (Without a CA!) File Your Income Tax Return Like a Pro (Without a CA!) Filing your Income Tax Return (ITR) can seem daunting, but with the right guidance, you can do it yourself—without a CA! This step-by-step guide is designed for salaried individuals who want to save
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