⚡ Rakhi Special - Flat 52% off on All Courses from 6 to 10 Aug! ⚡ Enroll Now

    Question

    Which pension scheme restricts participation of income

    tax payers from October 1, 2022?
    A NPS Correct Answer Incorrect Answer
    B Unified Pension Scheme Correct Answer Incorrect Answer
    C Atal Pension Yojana Correct Answer Incorrect Answer
    D PM Vaya Vandana Yojana Correct Answer Incorrect Answer
    E Indira Gandhi National Old Age Pension Scheme Correct Answer Incorrect Answer

    Solution

    From  October 1, 2022 , individuals who are income taxpayers are  not eligible to join APY . The government imposed this rule to target the benefits of APY toward the economically weaker sections and ensure that those with taxable income do not avail subsidies meant for low-income individuals.

    Practice Next
    ask-question