50 per cent of their last basic salary(with adjustments on the basis of the years of service and any withdrawals from the pension corpus). In case the pension corpus falls short of the sum needed to provide the guaranteed pension amount, the Central government will step in to fill the gap...
the Govt. of India will contribute Rs.1000 per year,for 5 years, to every NPS-Swavalamban account provided the contribution is between Rs.1000 to Rs.12000 per year. The people forming part of this low income groups will be represented through their organisations...
An NPS calculator is a tool that calculates the total retirement corpus, monthly pension & returns on your NPS investments. You can input a few basic details to get an estimate of the retirement corpus you can build over time. Using the NPS calculator, you can find the amount of tax...
The NPS is regulated by the Pension Fund Regulatory Development Authority (PFRDA). Designated Pension Fund Managers (PFMs) have been appointed who are responsible for investing the funds and generating returns from them. An investor has the liberty to choose or change their fund manager. Note: St...
government employee, Due to some arrears, my National Pension System (NPS) contribution is Rs 2.1 lakh this financial year. My account department did not consider the additional R 50,000 tax deduction under 80CCD(1B). Can I claim refund of this amount while filling my income tax returns?
Switching your EPF contribution to NPS scheme is basically trading in an investment with assured returns, for investments with varying exposure and returns (but you also get an additional tax exemption with NPS).While the return on EPF savings this year is expected to be around 8.5%, the NPS...