FAOs on Tax Treatment under UPS Q.1 What is the tax treatment for the contributions made by the Central Government to the Individual corpus of the subscribers under the Unified Pension Scheme (UPS)? Ans: The Central government contributes 10% of monthly emoluments (Basic Pay + Dearness Allowance) of the employees to the individual corpus. This… Read More »
Advisory: New Changes in Invoice Management System (IMS) Sep 23rd, 2025 This is to bring to your notice that several new changes have been introduced in the Invoice Management System (IMS) to simplify the taxation system and reduce the compliance burden on the taxpayers. The following are the key updates Pending action for specified records: Taxpayers… Read More »
Ministry of Finance DFS releases detailed FAQs on the tax treatment under UPS; NPS Tax Benefits applicable to UPS Posted On: 23 SEP 2025 8:05PM by PIB Delhi The Unified Pension Scheme (UPS) was notified by the Ministry of Finance, Government of India, vide Notification No. F. No. FX-1/3/2024-PR dated 24.01.2025. The scheme is applicable… Read More »
CORRIGENDA New Delhi, the 18th September, 2025 G.S.R. 680(E) .- In the notification number 10/2025 – Union Territory Tax (Rate), dated the 17th September, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 662(E),… Read More »
CORRIGENDA New Delhi, the 18th September, 2025 G.S.R. 679(E) .- In the notification number 10/2025 – Integrated Tax (Rate), dated the 17th September, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 661(E), dated… Read More »
CORRIGENDA New Delhi, the 18th September, 2025 G.S.R. 678(E) .- In the notification number 9/2025 – Union Territory Tax (Rate), dated the 17th September, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 646(E),… Read More »
CORRIGENDA New Delhi, the 18th September, 2025 G.S.R. 677(E) .- In the notification number 9/2025 -Integrated Tax (Rate), dated the 17th September, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section vide number G.S.R. 642(E), dated the 17th… Read More »
MINISTRY OF FINANCE (Department of Revenue) CORRIGENDA New Delhi, the 18th September, 2025 G.S.R. 676(E) .- In the notification number 9/2025 – Central Tax (Rate), dated the 17th September, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section… Read More »
Income Tax Exemption to ‘Real Estate Regulatory Authority’ Rajasthan, Jaipur’ u/s 10(46) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd September, 2025 S.O. 4251(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd September, 2025 S.O. 4252(E) .- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘High Court… Read More »