Pension Scheme: The month of November is just a few days away, and if you want a pension, you need to complete some important tasks. Failure to complete these tasks promptly could result in significant losses. The most important task is the life certificate. Additionally, tax-related tasks are crucial. Central government employees must opt for the Unified Pension Scheme. Failure to complete these tasks by November 30th could result in penalties or delays. Therefore, complete these tasks quickly.
Unified Pension Scheme
If you are a central government employee and wish to join the UPS scheme, the deadline is November 30, 2025. Previously, the deadline was September 30th. However, the government extended the deadline by two months. Now, employees who wish to leave the old NPS and join UPS have only one week left. If you don’t choose the option by November 30th, you will remain in NPS.
UPS offers many benefits to employees. Employees will contribute 10% of their basic salary plus DA, and the government will contribute the full 18.5%. Upon retirement, individuals will receive a guaranteed pension. It’s as safe as the old OPS. The UPS scheme differs from OPS. Under this scheme, employees received up to 50% of their pension without any contribution. Therefore, employees who wish to opt for NPS must do so by November 30th.
How to avoid tax notices?
November 30th is a crucial date for many, especially those involved in TDS, transfer pricing, or pensions. According to tax department regulations, many important forms and statements must be submitted by this date. If you miss this deadline, you may face penalties and tax notices.
For those who need to deposit TDS for October 2025, November 30th is the deadline. This TDS deadline applies to the following sections: Sections 194-IA, 194-IB, 194M, and 194S. Submission of the TDS challan-cum-statement under all these sections is mandatory by this date. Failure to submit the form after the due date may result in a late filing penalty.
Companies involved in international transactions or foreign business are also required to submit their transfer pricing report, Form 3CEAA, by November 30th. In certain cases, the ITR filing deadline also extends to this date. Therefore, those falling under these categories should not delay.
Read Here: Mahindra XEV 9S – Premium Electric SUV With Rear Entertainment Tech Teased Again
Life Certificates Required for Pensioners
November 30th is also crucial for senior pensioners. As every year, they are required to submit their life certificates; otherwise, their pension will be stopped from December. Pensioners aged 80 years or above have been granted relief and can submit the certificates from October 1st.
Several easy methods are available for submitting life certificates. You can submit it at a bank branch, the nearest CSC center, or a government office. Additionally, it can be submitted from home using the Umang app and the Jeevan Pramaan app.
India Post Payments Bank also offers doorstep service for pensioners, especially the elderly and those with disabilities. This facility allows a postman to visit your home and prepare your digital life certificate in just 10–15 minutes, taking your fingerprint and photo. This facility provides significant relief for those who struggle to travel. For this process, the pensioner must provide their Aadhaar number, mobile number, email ID, bank or post office account number, and PPO number. Upon completion, a confirmation message is sent to the mobile phone, and the certificate becomes available online the next day.