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National Pension Scheme

Revision of Additional Relief on death/disability of Government servants covered under New Pension Scheme (NPS)

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Revision of Additional Relief on death/disability of Government servants covered under New Pension Scheme (NPS) in pursuance of Government’s decision on the recommendations of the 7th CPC-reg. PC-VII No.28/2017 R.B.E.No.:78/2017 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No.2016/F(E)III/1(1)/7 New Delhi, Dated 31.07.2017 The GMs/FA&CAOs, All Zonal Railways/Production Units, (As per … Read more

Tax on New Pension Scheme

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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

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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

Withdrawal of NPS is not within the purview of NPS Committee – Confederation

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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

NPS COMMITTEE – HOPES OF YOUNGER GENERATION SHATTERED

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NPS COMMITTEE – HOPES OF YOUNGER GENERATION SHATTERED NPS committee constituted by the Government to streamline the National Pension System has called the JCM Staff Side for second round of discussion on 10.02.2017. As per the notified agenda, the committee is proposing discussion on only cosmetic changes in NPS. Basic issues such as (1) scrapping … Read more

NPS Committee Meeting to be held on 20.1.2017 – NC JCM Staff Side

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NPS Committee Meeting to be held on 20.1.2017 – NC JCM Staff Side Meeting of the Committee constituted to suggest measures for streamlining the implementation for the National Pension System for Central Government employees No.57/1/2016-P&PW(B) Government of India Ministry of Personnel,Public Grievances & Pensions Department of Pension & Pensioners’ Welfare 3rd Floor, Lok Nayak Bhavan, … Read more

Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS)

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Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS). No.25014/05/2016.AIS-II Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training North Block, New Delhi — 110001 Dated the 17th January, 2017 To The Chief Secretaries of all the State Governments … Read more

Tax benefit available under National Pension System (NPS) – AIRF

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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 (NPS) A copy of Pension Fund Regulatory & Development … Read more

Income Tax benefit available under National Pension System – PFRDA

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Income Tax benefit available under National Pension System – PFRDA 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 Phone: 011-26517503 Fax:011 – 26517507 Website: www.pfrda.org.in PFRDA/23/CORP/20/5 25th February, 2016 Dear sir, Subject: Tax benefit … Read more

NPS subscribers of Central Government are 14.1% of the total subscribers as Jan 2016

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NPS subscribers of Central Government are 14.1% of the total subscribers as Jan 2016 Press Information Bureau Government of India Ministry of Finance 02-February-2016 16:35 IST 1.15 Crore Subscribers for National Pension System (NPS) as on 23.1.2016 National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on … Read more