Exemption of Railways from National Pension System – NFIR Exemption of Railways from National Pension system (NPS) as recommended by the Railway Ministers – kind intervention and approval requested NFIR National Federation of Indian Railwaymen No.IV/NPS/PFRDA BILL/Part I Dated: 26.6.2016 Shri Narendra Modiji, Hon’ble Prime Minister of India, South … [Read more...] about Exemption of Railways from National Pension System – NFIR
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NPS
National Pension System (NPS) : PFRDA
National Pension System (NPS) : PFRDAFOR PUBLIC AND STAKEHOLDERS COMMENTS – CONCEPT PAPER- CHOICE TO THE GOVT EMPLOYEES A. Launch of NPS and Current scenario 1. The National Pension System (NPS) was introduced in 2003 for all Central Government employees (except armed forces) who joined the service on or after 01.01.2004. The NPS marked a paradigm shift from the … [Read more...] about National Pension System (NPS) : PFRDA
Changes in National Pension System (NPS)
Changes in National Pension System (NPS) 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 of death … [Read more...] about Changes in National Pension System (NPS)
PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDA
PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDAGuidelines issued from PFRDA on processing partial withdrawal requests under National Pension System (NPS). As per the guidelines, a subscriber can partially withdraw his/her accumulated pension wealth, not exceeding twenty-five per cent of the contributions made by the subscriber and excluding contributions made by the … [Read more...] about PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDA
Tax benefit available under National Pension System (NPS) – AIRF
Tax benefit available under National Pension System (NPS) – AIRF GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) RBE No. 31/2016 No 2012/F(E)III/1(1)/4 Dated: 07.04.2016 The GMs/FA&CAOs, All Indian Railways/Production Units/RDSO. (As per mailing list) Subject: Tax benefit available under National Pension System … [Read more...] about Tax benefit available under National Pension System (NPS) – AIRF
Tax benefit available under National Pension System (NPS)
Tax benefit available under National Pension System (NPS) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B- 14/A, Chhatrapati shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016 PFRDA/23/CORP/20/5 25th February, 2016 Dear sir, Subject: Tax benefit available under National Pension System (NPS) You would be aware that under the National … [Read more...] about Tax benefit available under National Pension System (NPS)
Conference on Implementation of National Pension System by Central Government
PFRDA: PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PRESS RELEASE Conference on Implementation of National Pension System by Central Government A conference on implementation of National Pension System by Central Government Ministries & Departments was organized by PFRDA on 16th March, 2016 at New Delhi. The prime objective was to provide a forum to all Central … [Read more...] about Conference on Implementation of National Pension System by Central Government
EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
Under NPS, only 60 per cent of the corpus can be withdrawn as lump sum. Now, there is no tax on the 40 per cent. And if the person decides to invest the remaining 20 per cent also in annuity, there would be no tax on withdrawal. EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive – Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on … [Read more...] about EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
NPS Exit and purchase of Annuity – Clarification issued by PFRDA
NPS Exit and purchase of Annuity – Clarification issued by PFRDA in respect of interim arrangement for the purpose of buying annuity from the NPS maturity amount In the case of pre-mature exit by NPS Subscriber, any annuity scheme provided by Annutiy Service provider that covers the spouse of NPS subscriber can be purchased PENSION FUND REGULATORY AND DEVELOPMENT … [Read more...] about NPS Exit and purchase of Annuity – Clarification issued by PFRDA
7th Pay Commission expressed its regret about transition from OPS to NPS
7th Pay Commission expressed its regret about transition from OPS to NPS 7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its report. 2004-2011 Entrants : Government employees who have joined service between 2004 and 2011 have suffered due to delay in finalizing the structure of the NPS and the issue of detailed … [Read more...] about 7th Pay Commission expressed its regret about transition from OPS to NPS
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