INCOME TAX23 Sept 2026
Railways notifies UPS rules for employees covered by NPS: ₹10,000 minimum pension, 25-year full pension | Mint
The Ministry of Railways has notified Unified Pension Scheme (UPS) rules for NPS-covered employees. Those appointed on or after 1 January 2004 get a minimum assured pension of ₹10,000 after 10 years' service, and full pension after 25 years. Employees contribute 10% of basic pay plus DA, matched by the railways. Check your eligibility, since casual, contract and daily-wage workers are excluded.
Key Statutory Highlights
- Railway employees covered by NPS and appointed on or after 1 January 2004 can join the Unified Pension Scheme.
- Full assured pension applies after 25 years of qualifying service and equals 50% of the average basic pay of the final 12 months.
- Casual and daily-wage employees, contract workers, and those governed by separate pension regulations are not eligible.
Actionable Advice for Taxpayers / Founders:If you are a railway employee under NPS, read the notified rules and confirm with your establishment or payroll section whether you fall in the eligible category before deciding on UPS or NPS.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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