To encourage more people to join the The National Pension system PFRDA has lowered the minimum annual contribution to Rs.1,000= …
SOME RULES OF NATIONAL PENSION SYSTEM
NPS aims to provide social security after retirement in the form of monthly pension and lump sum withdrawal. NPS offers …
NPS and other instruments : Why NPS is not popular?
1) Very long lock-in period All tax saving instruments have lock-in periods, but none as long as that of the …
ICICI Prudential Pension Fund has given best returns in NPS Funds
For those investing in the NPS, choosing the right pension fund is critical—not only because that the returns should be …
Open NPS Account On-line
Last year, the government announced an additional deduction of Rs.50,000=(under new section 80CCD) for investment in the NPS. This year’s …
Budget 2016: Change in NPS Tax Rules
Earlier under the NPS, 40% of the corpus had to be mandatorily converted into annuity scheme and 60% would have …
The Budget 2016 and New Pension Scheme (NPS)
The popularity of this scheme has increased manifold. Currently, NPS has more than 1.5 crore subscribers with total asset under …
Rationalisation of Tax treatment and National Pension Scheme
Under the existing provisions of the Income Tax Act, tax treatment for the National Pension Scheme referred to in Section …
What is an Annuity
An annuity , as the name suggests, is a guaranteed amount paid for a subscriber’s life time in return for …
NPS ASSETS REGISTER GROWTH
The NPS assets under management has registered nearly 37% growth to 1.1 lakh crore as on December 31 from Rs. …