To make NPS Vatsalya more attractive, Finance Minister Nirmala Sitharman on Saturday proposed tax exemption for contribution up to Rs 50,000 per year under the scheme. Under the NPS Vatsalya scheme, ...

Launched on September 18, 2024, NPS Vatsalya was aimed at being an extension of the existing NPS system. While NPS catered predominantly to the employed section of the society, NPS Vatsalya ...

Unveiled by Nirmala Sitharaman, NPS Vatsalya is a groundbreaking pension plan designed for minors. Launched across 75 locations, it has already issued over 250 PRANs, providing a future safety net ...

Image Source : PIXABAY Parents can subscribe to NPS Vatsalya online or visiting a bank or post office. NPS Vatsalya scheme: Finance Minister Nirmala Sitharman on Saturday proposed tax exemption ...

While Budget 2025 did not revise income tax slabs and rates under the old tax regime, it has extended the tax deduction benefit of Rs 50,000 under the old tax regime to NPS Vatsalya scheme.

NPS Vatsalya is open to all citizens of India who ... iii) Passport of the minor iv) PAN If the minimum contribution is not received, the account is categorized as 'frozen' and will be activated ...

NPS Vatsalya Scheme, the children's welfare scheme launched on 18 September 2024, received a boost on Saturday when the Union budget proposed to extend the tax benefits available to the National ...

MUMBAI: Finance Minister Nirmala Sitharaman has announced that NPS Vatsalya subscribers will receive the same tax benefits under Section 80CCD(1B) as regular NPS subscribers for their contribution ...

Union Budget 2025: In her budget speech for 2025, Finance Minister Nirmala Sitharaman announced that NPS Vatsalya subscribers will now receive the same tax benefits as regular NPS subscribers for ...

Through Mission Vatsalya, efforts are being made to ensure a secure and promising future for children across Uttar Pradesh, supported by 132 state institutions and specialised services.

Major allocations include Rs 21,960 crore for POSHAN 2.0 and significant rises for Mission Vatsalya and Mission Shakti. Withdrawals from old National Savings Scheme accounts are exempt from tax ...