New Delhi: Finance Minister Nirmala Sitharaman on Monday launched the Taxation Legal guidelines (Modification) Invoice, 2025, which goals to offer tax exemptions to subscribers of the Unified Pension Scheme.
The Invoice, launched within the Lok Sabha, additionally incorporates adjustments within the scheme of block evaluation with regard to Revenue Tax search instances, and to offer for sure direct tax advantages to public funding funds of Saudi Arabia.
The Taxation Legal guidelines (Modification) Invoice, 2025, seeks to amend the Revenue-tax Act, 1961 and in addition to amend the Finance Act, 2025.
The federal government in July introduced that each one tax advantages accessible below the New Pension Scheme (NPS) shall apply to the Unified Pension Scheme (UPS), which was applied from April 1, 2025.
