In the country Very good news for pensioners Has surfaced. Recently, such a decision has been taken in an important meeting of the Union Cabinet, due to which the fate of millions of pensioners is going to change. Government in pension system Approval of many major changes Has given direct benefit to pensioners and their families. The purpose of these changes is for pensioners Strengthen economic condition Doing, relieving inflation and making the future safe.
Many for pensioners after 2025 budget and cabinet meeting New schemes and rules apply Have been done. In this Dearness Relief (Inflation Relief) increasesAnnouncements such as the introduction of Unified Pension Scheme, change in tax exemption and minimum pension guarantee are included. These decisions will benefit not only government pensioners, but also retired private sector employees. Let’s know in detail about these big decisions.
Big update by union cabinet on pension:
Large cabinet decisions for pensioners
| Main point | Description |
|---|---|
| Increase in dearness relief | 2% increase, now 55% inflation will get relief |
| Unified pension scheme | Applicable from 1 April 2025, 50% final pay pension on minimum 25 years service |
| Change in tax exemption limit | Tax exemption limit increased from ₹ 3 lakh to ₹ 4 lakh, rebate ₹ 7 lakh to ₹ 12 lakh |
| Standard deduction | Standard deduction of ₹ 75,000 for pensioners/salary |
| Exemption for senior citizens | Exemption limit on interest income Increased from ₹ 50,000 to ₹ 1 lakh |
| TDS limit change | Rent TDS Seema ₹ 2.4 lakh to ₹ 6 lakh |
| New pension system | Unified pension scheme instead of old pension system |
| Cabinet meeting date | 3 January 2025 (Decision applicable: 1 April 2025) |
Unified Pension Scheme: What is new?
- Unified pension scheme It has come into force from 1 April 2025.
- Now the employees who have completed at least 25 years of service will get 50% of the last 12 months average basic salary.
- This scheme has been replaced by the old pension system, which will directly benefit about 23 lakh central employees.
- Employees who joined after 2004 will also get the option to shift to the Unified Pension Scheme.
Increase in dearness relief
- The government has increased the dearness relief for central employees and pensioners by 2%.
- Now the total dearness relief has increased from 53% to 55%, which will directly benefit about 66.55 lakh pensioners.
- This increase will be considered applicable from 1 January 2025.
- This will bring an additional burden of Rs 6,614 crore on the government annually.
Tax exemption and other reliefs
- Income tax exemption limit Now it has been increased from ₹ 3 lakh to ₹ 4 lakh.
- The limit of tax rebate has also been increased from ₹ 7 lakh to ₹ 12 lakh, so that more pensioners will be able to avail tax free income.
- Standard deduction now ₹ 75,000 It is, which will make salary/pension of up to 12.5 lakhs tax free.
- The exemption limit on bank interest income for senior citizens has now increased to ₹ 1 lakh.
- The range of TDS on rent has also been increased to ₹ 6 lakh.
Other important changes
- Minimum pension for pensioners: Now minimum pension ₹ 10,000 per month It has been ensured, which will provide relief to pensioners of weaker sections.
- Pension adjustment according to inflation: Now the pension will be amended every year according to inflation.
- Private sector pensioners: Under the new unified scheme, pensioners of some private companies can also benefit, provided they come under the purview of the scheme.
List of new schemes and changes for pensioners
- Unified pension scheme implemented
- Dearness Relief has increased by 2%
- Increase in tax exemption limit
- Interest income exemption increase for senior citizens
- Minimum pension ₹ 10,000 per month
- Automatic amendment in pension according to inflation
- New system instead of old pension scheme
- Some private sector pensioners are also benefited
New pension system affects the life of pensioners
- Economic security: Increased pension, tax exemption and dearness relief will strengthen the economic condition of pensioners.
- Relief from inflation: Increase in inflation relief (DA/DR) will reduce the effect of inflation.
- Tax savings: Tax exemption and standard deduction will give great relief to pensioners.
- Future worry less: Life after retirement from Unified Pension Scheme will be more secure.
- Special benefits to senior citizens: Interest income exemption and other facilities will provide additional benefit to senior citizens.
Some important things related to new system
- The new Unified Pension Scheme will be applicable to only those employees who have completed at least 25 years of service.
- The pension will be calculated on the basis of the last 12 months average basic salary.
- Separate rules may apply for retired employees under the old pension scheme.
- The government can also make further changes in the interest of pensioners in future.
How will the benefit of new rules for pensioners?
- All government departments and banks have been instructed to pay pension according to new rates and rules.
- Pensioners will not need any additional procedure or application.
- The benefit of dearness relief and tax exemption will automatically reach their accounts.
Cabinet decisions for pensioners
| Change/Plan | Profit/impact |
|---|---|
| 2% increase in dearness relief | 66.55 million Pensioners get inflation relief, total Dr 55% |
| Unified pension scheme | 25 years on service 50% final pay pensionBenefits 23 lakh employees |
| Change in tax exemption limit | Tax free income limit increased, relief to more pensioners |
| Interest income exemption limit increased | Senior citizens tax exemption on interest income up to ₹ 1 lakh |
| Minimum pension guarantee | ₹ 10,000 per month Minimum pension |
| Amendment according to inflation | Every year an increase in pension according to inflation |
| Possibility for private sector | Some private pensioners are also benefited |
| Instructions to banks | Pension payment according to new rates automatically |
Benefits of new decisions for pensioners
- Financially more secure future
- Relief from inflation
- Tax savings
- Minimum pension guarantee
- Special facility to senior citizens
- Amendment in pension every year
- Private sector pensioners also likely to benefit
conclusion:
These decisions taken by the government in the cabinet meeting will bring a big change in the lives of pensioners. Pensioners will get financial strength due to new unified pension scheme, increase in dearness relief, tax exemption and minimum pension guarantee. Also, inflation and future concern will also be reduced. This step of the government has brought a new hope for pensioners.
Disclaimer: This article is based on government orders, budget announcements and official decisions of cabinet meetings. The changes and schemes mentioned above are effective since 1 April 2025 and have been implemented in reality. Contact the official website or bank of the concerned department for any new information or amendment. This news is completely real and is in accordance with the official information released by the government.
