Atal Pension Yojana: From October 2022, such people will not get the benefit of this scheme, who come under the purview of income tax. However, such taxpayers who have already been investing in this scheme. They will continue to get the benefit of this scheme in future also.
The new quarter and second half have started from the month of October. Meanwhile, a major change has taken place in the Atal Pension Yojana (APY), the popular scheme of the Modi government. The government has decided that from October 1, those people who pay taxes will not be able to join this scheme. This information has been given in a notification issued by the government. Earlier, no such condition was applicable for joining the Atal Pension Yojana of the Central Government.
Under the existing rules, all Indian citizens in the age group of 18 to 40 years can become a member of APY. For this, they have to apply through that branch of the bank or post office. Where he has a savings account.
Advantages
It is necessary to deposit money in this scheme monthly for at least 20 years. How much to contribute every month depends on your age. For 5000 months he has to contribute Rs 210 every month. On joining at the age of 25, Rs 376 per month, while for 30 years this contribution has to be deposited Rs 577, for 35 years old Rs 902 and for 39 years old Rs 1318. If both husband and wife accounts are opened, then they will have to separate this contribution separately.
The government had started this pension scheme to provide financial security to the people working in the unorganized sector. Those investing in this scheme get a fixed pension every month after crossing the age of 60 years. From October 2022, such people will not get the benefit of this scheme who pay income tax. Such taxpayers who have already been investing in this scheme, they will continue to get the benefit of this scheme in future also.
According to media reports, more than 99 lakh new APY accounts were opened during the last financial year. Including these, the total number of citizens subscribing in this scheme had become 4.01 crore by the end of March 2022.
