CENTRAL GOVERNMENT EMPLOYEES NEWS DOPT ORDERS

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NPS

NPS

Major Changes in National Pension System (NPS): Choice of Pension Funds and Investment Pattern

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 inTier-I of NPS for Central Government subscribers PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chh … [Read more...]

Return of NPS Scheme (State Government Scheme)as on March 2019

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, 201 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 Months 8.31% 1 Years 8.83% 2 … [Read more...]

Return of NPS Scheme (Central Government Scheme)as on March 2019

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 Months 8.32% 1 … [Read more...]

Voluntary Contribution in Tier I account by Govt. Sector Subscribers

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 can be made by the … [Read more...]

Tax Benefit Under NPS

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 salary (Basic + DA). This is within the overall ceiling of Rs. 1.50 Lacs under … [Read more...]