By Admin 
FY 2025-26 i.e. some important changes are going to happen from a date of next month. There will be many regulatory and major financial changes, including many such things including increasing the boundary of UPS, MME and Income Tax Slab, which will increase social security and will speed up consumption in the country.
Under the new tax system in the income tax slab, income up to Rs 12 lakh will now be tax free. That is, till now you will be able to save on an annual earning of Rs 83,200. This is a big relief for the middle class. Under the new tax system, the new slab of income tax has been revised to extend the basic exemption limit from 3 lakh to 4 lakh rupees. Along with this, to give relief to the middle class, the scope of discount under Section 87A has also been increased compared to before.
The UPS i.e. Integrated Pension Scheme was approved by the Central Government in August last year and the new financial year i.e. is going to be implemented from April 1. In this, it is a provision that after 25 years of service, the retiring will get a pension equal to half the average salary of 12 months before retirement.
Apart from this, work is also being done on the implementation of UPS for PFRDA i.e. Pension Fund Rules and Member of Development Authority National Pension Scheme. It will include the reeter and newly involved employees. Also, people who do not have a life partner will also be eligible for it.
However, a situation of confusion about this is that it is possible that in the beginning this scheme should be better for the employees of the central government, because only a few states including Delhi, Maharashtra, Madhya Pradesh, Odisha are showing dilapidies in it.
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