Browsing Category

NPS

News and information relating to new pension scheme which is also known as national pension system

NPS compulsory for Rural Bank Employees

The government is all set to make National Pension Scheme compulsory for new regional rural bank employees. The defined contribution pension scheme will come into place for employees joining after…

Income Tax Exemption on NPS maturity value

Tax Relaxation on NPS Maturity Value GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3975 TO BE ANSWERED ON FRIDAY, THE 10TH AUGUST, 2018 19,…

What are the types of funds available in NPS?

NPS offers two accounts: Tier-I and Tier-II accounts. Tier-I is a mandatory account and Tier-II is voluntary. The big difference between the two is on withdrawal of money invested in them.

What are the tax benefits of investing in NPS?

An employee’s own contribution is eligible for a tax deduction --up to 10 per cent of the salary (basic plus DA) – under Section 80CCD(1) of the Income Tax Act within the overall ceiling of Rs 1.5…

NPS Withdrawal Rules Changed: Ten Things To Know

Recently, the pension fund regulator PFRDA allowed the NPS (National Pension System) subscribers to withdraw the money for purposes that include higher education and investment in new business.

New NPS Subscriber Registration Form

New NPS Subscriber Registration Form - Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements