Atal Pension Yojana (APY) has crossed a historic milestone with over 9 crore subscribers. Enrolments hit their highest level in FY 2025-26 since the scheme began in 2015. APY promises a guaranteed monthly pension of up to Rs 5,000 after age 60, with spouse coverage and returns to nominees—aimed at broader social security for working Indians.
India’s new Code on Social Security expands the wage base for gratuity, which could raise employee payouts. But tax calculations under both the Income-tax Act, 1961 and the upcoming Income-tax Act, 2025 still hinge on basic pay plus dearness allowance. That gap could make part of the higher gratuity taxable, unless labour and tax rules align.
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