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of <h1>Atal Pension Yojana Recognized for Tax Benefits u/s 80CCD of Income-tax Act, 1961.</h1> The Central Government has officially notified the 'Atal Pension Yojana (APY)' under section 80CCD of the Income-tax Act, 1961. This notification, issued by the Ministry of Finance's Department of Revenue and the Central Board of Direct Taxes, designates APY as a recognized pension scheme for tax purposes under the specified section. The notification, identified as No. 7/2016, was published in the Gazette of India and will take effect from its publication date.
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