Union Budget 2024: Finance minister promises imminent resolution for New Pension Scheme

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India News: NEW DELHI: Finance minister Nirmala Sitharaman said on Tuesday that a resolution will be reached concerning the New Pension Scheme (NPS), addressing r.

Under the OPS, retired government employees received 50 per cent of their last drawn salary as monthly pensions, with the amount increasing along with the hike in the DA rates.

Additionally, it is proposed that employees in the private sector, public sector banks, and undertakings who opt for the new tax regime will be allowed to deduct this expenditure up to 14 per cent of their salary from their income.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaOman

Topics: Google news Today news Fiscal Prudence India news Finance Minister India news today New Pension Scheme Government Employees Breaking news NPS

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 17:49:00 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21752070

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