Major Changes in NPS including Withdrawl Norms Three major changes in the National Pension Scheme (NPS) including withdrawal norms Relaxation of Norms for NPS The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund … Read more
Fraudulent activities in name of NPS – PFRDA Public Notice Public Notice It has corne to notice that some persons are demanding large sums of money by calling general public with a promise to release funds stated to be lying under NPS/ PFRDA It has also come to our notice that some persons. actually believing … Read more
Tax on New Pension Scheme Tax on NPS This provision has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS), referred to in section 80CCD, was under Exempt, Exempt and Tax (EET) … Read more
NPS to OPS – Minister replied in Parliament Restoration of old pension system in place of Contributory Pension System In a written reply the Minister of State for Finance said the features of the New Pension Scheme in Rajya Sabha on 21st March 2017 National Pension System (NPS), which is a contributory pension system, has, … Read more
GOVT. MADE IT CLEAR THAT WITHDRAWL OF NPS IS NOT WITHIN THE PURVIEW OF NPS COMMITTEE. YOUNGER GENERATION EMPLOYEES CHEATED: Withdrawal of NPS or exemption from NPS was one of the most important demand of the NJCA in the 11th July 2016 deferred indefinite strike. In the statement issued by NJCA on 06-07-2016 after deferring … Read more