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, ...

In a bid to enhance the appeal of the NPS Vatsalya scheme, Finance Minister Nirmala Sitharaman announced new tax exemptions for contributions up to Rs 50,000 annually. This proposal, part of the ...

under the relevant section of the Income Tax Act will be extended to contributions made to NPS Vatsalya as well. Vatsalya is aimed at providing long-term financial security and supporting early saving ...

Tax benefits for NPS Vatsalya scheme Extension of tax benefits under Section 80CCD(1B) to the NPS Vatsalya scheme is a major highlight of the Budget. Now, as a child welfare investment fund ...

Additionally, the Finance Minister proposed extending similar tax treatment to NPS Vatsalya accounts, aligning them with regular NPS accounts, subject to overall contribution limits. This move is ...

In Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that NPS Vatsalya subscribers will now receive tax benefits under Section 80CCD(1B) of the Income-tax Act. This benefit, which was ...

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 ...

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 ...

NPS Vatsalya is a pension scheme for minor children aimed at developing early saving habits for retirement. The proposal is pending parliamentary approval. Finance Minister Nirmala Sitharaman in her ...

Image Source : INDIA TV Aaj Ki Baat with Rajat Sharma. The manner in which the supreme leader of Congress Sonia Gandhi spoke about President Droupadi Murmu cannot be justified under any ...

Subscribers of pension scheme NPS Vatsalya will receive the same tax benefits as regular NPS for their contributions under Section 80CCD(1B), said Finance Minister Nirmala Sitharaman in her Budget ...