Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
Govt keeps taxpayers out of Atal Pension cover
New norm effective from Oct 1 onwards
New Delhi: Income-Tax (I-T) payers will not be allowed to enrol in the government's social security scheme Atal Pension Yojana (APY) from October 1, according to a notification. The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector.
Subscribers of the scheme get a minimum guaranteed pension of Rs1,000 to Rs5,000 per month after attaining 60 years of age depending on their contributions. "From October 1,2022, any citizen who is or has been an income tax payer, shall not be eligible to join APY," the finance ministry said in the notification.
The ministry has modified its earlier notification on APY. The new notification, issued on Wednesday, will not apply to subscribers who have joined or joins the scheme before October 1, 2022. In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the APY account shall be closed.
