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National Pension System (NPS) News
National Pension System (NPS)
Have money, but don't know where to save? Here is how
Thu, Mar 14, 2019
NPS subscriber, who is allotted a unique Permanent Retirement Account Number (PRAN), is also eligible for major Tax Deduction benefits. This retirement planning scheme comes under two account options - Tier I and Tier II.
OPS: Restoration of old pension scheme demand to be taken up by Central government employees
Wed, Mar 06, 2019
In a bid to placate employees, the Union cabinet has recently approved increase of the government contribution of basic pay in National Pension System (NPS) from 10% to 14% while the minimum contribution on part of employee will still remains 10%.
NPS subscriber? PFRDA is now working on minimum guaranteed return plan - Details here
Sun, Feb 24, 2019
EOI has been invited from actuarial firms to design, develop and recommend MARS under the National Pension System that can be implemented under NPS architecture.
7th Pay Commission: Alert! Government forced to invoke ESMA against employees; union sends big warning
Wed, Feb 06, 2019
7th Pay Commission: There is a big hardening of positions by teh governemnt on one side and teh government employees on the other over their divergent views on demands. The Central government has made a number of changes in the National Pension System.
7th Pay Commission: Big changes made in National Pension System (NPS); government employees get this power now
Tue, Feb 05, 2019
7th Pay Commission: Lakhs of state government employees have been demanding the restoration of the old pension scheme. Conceding to the rising pressure, the Centre has been making changes in the National Pension System to make it more employee friendly.
Budget 2019 expectations: NPS subscribers alert! These reforms to be made for private sector employees, self-employed and tax-payers?
Fri, Jan 18, 2019
Before the Budget 2019, the government already announced few reforms for NPS subscribers, which is expected to be in effect from April 2019.
7th Pay Commission: National Pension System withdrawal, pension choice, other new rules explained
Wed, Jan 09, 2019
7th Pay Commission: Lakhs of central and state government employees have been protesting against the rules of New Pension Scheme (NPS). The continuous protest by the employees had put the government on the back-foot.
7th pay commission latest news today: Big Modi government gift for 18 lakh central government employees
Mon, Dec 10, 2018
7th Pay Commission latest news: Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60%. With this, the entire withdrawal will now be exempt from income tax.
7th pay Commission: These state government employees get good news on their pensions; lakhs to benefit, but there is a catch
Thu, Nov 29, 2018
7th pay Commission: Other states, including Uttar Pradesh, Andhra Pradesh and Tamil Nadu are witnessing protests by employee unions for suspension of NPS for quite a long time. The state governments, however, have so far not taken any step in this regard.
Amount transferred from PF to NPS not taxable: FinMin
Wed, Mar 08, 2017
The amount transferred from a recognised Provident Fund or superannuation fund to NPS would not be treated as income of the current year and, as such, would not be taxable.