Major Changes in National Pension System (NPS): Choice of Pension Funds and Investment Pattern

Major Changes in National Pension System (NPS): Choice of Pension Funds and Investment Pattern “The subscribers may exercise one of the above choices of Investment Pattern twice in a financial year” Introduction of choice of Pension Funds and Investment Pattern inTier-I of NPS for Central Government subscribers PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati … Read more

Voluntary Contribution in Tier I account by Govt. Sector Subscribers

Voluntary Contribution in Tier I account by Govt. Sector Subscribers In order to avail Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account. An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers. This additional investment … Read more

Total Existing Subscribers in NPS as on March 2019

Total Existing Subscribers in NPS as on March 2019 Total Existing Subscribers Contributing during the month – NPS Age Band Total Existing Subscribers Contributing During The Month (Table A) – Male Female Transgender NON IRA Total 18-21 Years 22,501 7,514 – – 30,015 22-25 Years 2,80,574 74,554  – – 3,55,128 26-28 Years  5,91,061 1,52,324  3 … Read more

14% Government Contribution in NPS – Gazette Notification

14% Government Contribution in NPS – Gazette Notification “The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government” MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, … Read more

NPS Subscribers: Know your FATCA Compliant Status

NPS Subscribers: Know your FATCA Compliant Status Click here to Know your FATCA Compliant Status Online Submission of FATCA Self-Certification Subscribers registered on or after July 1, 2014 are mandatorily required to submit FATCA Self–certification Please follow the steps given below for online Self-Certification: Log-in to your NPS account (please visit www.cra-nsdl.com) Click on sub … Read more