NPS Committee will address the issues raised by NCJCM Standing Committee NCJCM Standing Committee Discussion Points S.No.7 — Scrap PFRDA Act and reintroduce the defined benefit statutory pension scheme. The representative of Department of F … [Read more...]
New Pension Scheme
New Pension Scheme, NPS News, NPS withdrawal, NPS Deduction
NPS Withdrawal and Exit Rules – Premature Exit, Retirement Benefits FAQ
Lot of queries regarding NPS Withdrawal and Exit Rules, Premature Exit, Retirement Benefits in NPS are raised in various occasions. to clear the doubts regarding NPS withdrawal and Exit benefits , the PFRDA has published a FAQ on NPS Withdrawal and E … [Read more...]
NPS Tier I Account Tax Benefits
Tax Benefit for NPS Tier 1 Account What are tax benefits available under IT Act, 1961 for Tier 1 Account? I) On Contributions: Employee’s own Contribution- Eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of salary ( … [Read more...]
NPS Partial withdrawal Conditions
NPS Partial withdrawal Conditions What are the conditions under which partial withdrawal can happen? Conditions: 1. NPS subscriber for atleast 3 years. 2. Withdrawal is allowed for some specific purposes only. a) For the higher education … [Read more...]
NPS Annuity Options and its Details
NPS Annuity Options for Subscribers NPS Annuity Options : The following are the most common variants that are available: a) Default scheme: Annuity for life of the subscriber and his or her spouse (if any) with provision for return of purchase … [Read more...]