NPS vs UPS: Big move for central government employees! NPS tax benefits now available under UPS – here’s what it means

To boost the Unified Pension Scheme (UPS), the Finance Ministry has extended National Pension System (NPS) income tax benefits to it. This move addresses tax treatment concerns, potentially increasing UPS adoption among central government employees. The deadline to switch from NPS to UPS has been extended to September 30, 2025, allowing more time for assessment.