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NPS

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

Karnataka Government Employees Protest Against NPS

BELGAUM: Scores of government employees on Wednesday took to streets in Karnataka's Belgaum city to protest against the New Pension Scheme (NPS) and demanded that it should be scrapped. Thousands…

Government has made NPS withdrawal 100% tax free

NEW DELHI: The government has made the NPS more tax friendly by offering complete tax exemption to the 60% of the corpus that an investor can withdraw on maturity. When they retire, NPS investors have…

Controversial order on pension on hold till Diwali

LUCKNOW: Protests by the state government employees has forced the district magistrate of Varanasi to retract an order issued earlier this week under which employees who did not have a permanent…

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.