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
Tax Benefit Under NPS What are the tax benefits of NPS 1. What are the tax benefits of NPS? Income Tax Act allows benefits under NPS as per the following sections: On Employee’s contribution: Employee’s own contribution is eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of … Read more
NPS Fund Value 2019 Central & State Pension Fund NAV as on 6.5.2019 Central Government : The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004 (except for armed forces). Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, has appointed NSDL as Central Recordkeeping Agency … Read more
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
Amendment in Investment Guidelines for NPS Schemes – PFRDA Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016. Ph: 011-26517501, 26517503, 26133730 Fax: 011-26517507 … Read more