The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension System (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. ii. Waiving service tax on the NPS corpus utilized for purchase of annuity.iii. The amount receivable by the nominee in case…
In light of Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory and Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospective as well as existing subscribers of NPS.PFRDA introduced…
In light of the Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospective as well as existing subscribers of NPS. Towards…
NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis. Further,…
Last year in Nov-14, I was thinking of taking a Pension Fund for my retirement. National Pension Scheme (NPS), a Govt. pension scheme, I had heard a lot about it. It is just I heard about NPS and heard that it is an Govt. Scheme. I searched about it on google, I found something very…
NPS is a pension scheme introduced by Govt. of India on 1st Jan-2004. This pension scheme is regulated by PFRDA (Pension Fund Regulatory and Development Authority). Initially, NPS was introduced for the new government recruits (except armed forces). National Pension System was extended to all citizens of India on a voluntary basis on 1st May-2009.…