Monitoring Committees Watch NPS Contributions Credited On Time Setting up of NPS oversight mechanism GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBA No.85/2019 No.2014/AC-H/21/6 Vol.I New Delhi, dated: 22.07.2019 General Managers, All Indian Railways/PUSs etc. Sub: Setting up of NPS oversight mechanism Timely credit of deduction made from the salary of Central Government employees … Read more
Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular Necessary instructions for all CABs (Central Autonomous Bodies) concerned with reference to gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance containing recent announcements under NPS View: NPS 14 percent Gazette Notification Contribution Order pdf PENSION FUND … Read more
Withdrawal of resignation by CG Employees covered under NPS – DoPT OM dated 10.06.2019 No.28035/2/2014-Estt.(A) Government Of India Ministry Of Personnel, Public Grievances and Pensions Department Of Personnel & Training North Block, New Delhi – 110 001 Dated: 10th June,2019 Office Memorandum Subject: Withdrawal of resignation of Central Government Servants Appointed after 31.12.2003 covered under … Read more
NPS to OPS: Abolition of Contributory Pension Scheme – Cabinet agenda by the Govt of AP Abolition of Contributory Pension Scheme – Cabinet agenda by the Govt of AP MOST IMMEDIATE CABINET MEETING GOVERNMENT OF ANDHRA PRADESH GENERAL ADMINISTRATION (CABINET-I) DEPARTMENT U.O.Note No.1/Cabinet.I/2019-25 Dated: 08-06-2019 Subject: Meetings – Meeting of the Council of Ministers to … Read more
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 in Tier-I of NPS for Central Government subscribers PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, … Read more
Return of NPS Scheme (State Government Scheme)as on March 2019 Return of NPS Scheme Return chart of individual NPS schemes as on 31 March, 2019 Particulars SBIPF Assets (Rs in crore ) 53,946.41 Scheme Inception Date 25-Jun-09 NAV SBIPF 31-Mar-19 24.4139 52 Week High 24.4139 52 Week Low 22.0782 RETURNS SBIPF 3 Months 2.89% 6 … Read more
Return of NPS Scheme (Central Government Scheme)as on March 2019 Return of NPS Scheme Return chart of individual NPS schemes as on 31 March, 2019 Particulars SBIPF Assets (Rs in crore ) 38,453.66 Scheme Inception Date 1-Apr-08 NAV SBIPF 31-Mar-19 28.4334 52 Week High 28.4334 52 Week Low 25.7230 RETURNS SBIPF 3 Months 2.86% 6 … Read more
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