Tag: NPS
Unions want OPS restored, Raghuram Rajan says, ‘not a good idea’
While various employee unions of Central and state governments are threatening to agitate if the old pension scheme is not restored, Raghuram Rajan, former...
Salary can’t be held back for not opting for NPS: Allahabad...
According to the Allahabad High Court, it is not possible for the Uttar Pradesh government to withhold the salary of its employees just because...
OPS or NPS: Chattisgarh govt lets its employees decide
The Congress government has offered employees the option to choose between the Old Pension Scheme (OPS) and the New Pension Scheme (NPS) in the...
Disparity on NPS tax exemption: Partial withdrawals benefit only employees
From the total amount of the NPS account, only partial withdrawals of up to 25 per cent are exempt from tax. But currently, this...
Govt employees under NPS on indefinite strike from Monday
To show their anguish towards the scrapping of the National Pension Scheme (NPS), the Karnataka Government employees under the NPS called for an indefinite...
Centre eases family pension rules for kin of missing govt employees
As per a notification from the Department of Personnel and Training (DOPT), pension rules have been eased out. Following relaxation of certain rules by...
Proposal to make employers’ contributions to NPS tax free
Pension Fund Regulatory and Development Authority (PFRDA) proposes that the employers’ contribution of 14 per cent under the National Pension Scheme (NPS) be made...
Investment in Tier II NPS eligible for tax deduction under Sec...
Investment in the Tier II account of the National Pension System (NPS) will now be eligible for tax deduction under Section 80C, as per...
EPF contribution extended till Aug, NPS tier-II eligible for tax deduction
The Government will continue to contribute 24 per cent towards the Employees’ Provident Fund (EPF) —12 per cent employees’ share and 12 per cent...
National Pension System can be availed by Indian citizens overseas too
The National Pension Scheme was earlier meant for government employees joining service with effect from January, 2004. Later, however, it was extended to all...
Freezing order does not apply to EPF, PPF, NPS balance
It is a common practice for banks to claim the assets of a person who has failed to repay a loan. Property, shares, mutual...
National Pension Scheme revamped, Government contribution increased by 4%
The Central Government announced a hike for its employees, who have been in service since January, 2004, under the National Pension Scheme (NPS). The...
National Pension Scheme allows 25% withdrawal before maturity
NPS is a voluntary, defined contribution retirement savings scheme for Indian employees during their working life.