Thu, Feb 27, 2020
By March-end, the pension fund regulator, which runs Atal Pension Yojana (APY) and National Pension System (NPS), is expected to have nearly 3.48-3.50 crore subscribers on board.
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Thu, Mar 14, 2019
NPS subscriber, who is allotted a unique Permanent Retirement Account Number (PRAN), is also eligible for major Tax Deduction benefits. This retirement planning scheme comes under two account options - Tier I and Tier II.
Wed, Mar 06, 2019
In a bid to placate employees, the Union cabinet has recently approved increase of the government contribution of basic pay in National Pension System (NPS) from 10% to 14% while the minimum contribution on part of employee will still remains 10%.
Sun, Feb 24, 2019
EOI has been invited from actuarial firms to design, develop and recommend MARS under the National Pension System that can be implemented under NPS architecture.
Wed, Feb 06, 2019
7th Pay Commission: There is a big hardening of positions by teh governemnt on one side and teh government employees on the other over their divergent views on demands. The Central government has made a number of changes in the National Pension System.
Tue, Feb 05, 2019
7th Pay Commission: Lakhs of state government employees have been demanding the restoration of the old pension scheme. Conceding to the rising pressure, the Centre has been making changes in the National Pension System to make it more employee friendly.
Fri, Jan 18, 2019
Before the Budget 2019, the government already announced few reforms for NPS subscribers, which is expected to be in effect from April 2019.
Wed, Jan 09, 2019
7th Pay Commission: Lakhs of central and state government employees have been protesting against the rules of New Pension Scheme (NPS). The continuous protest by the employees had put the government on the back-foot.
Mon, Dec 10, 2018
7th Pay Commission latest news: Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60%. With this, the entire withdrawal will now be exempt from income tax.
Thu, Nov 29, 2018
7th pay Commission: Other states, including Uttar Pradesh, Andhra Pradesh and Tamil Nadu are witnessing protests by employee unions for suspension of NPS for quite a long time. The state governments, however, have so far not taken any step in this regard.
Wed, Mar 08, 2017
The amount transferred from a recognised Provident Fund or superannuation fund to NPS would not be treated as income of the current year and, as such, would not be taxable.
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