AITUC backs central govt employees’ call for strike Says, minimum wage fixed by the Commission and accepted by the govt is too low for Class III employees All India Trade Union Congress (AITUC) has extended support to the central government employees who will go on strike from July 11 to protest against a ‘meagre’ pay hike approved by the Union Cabinet. “AITUC … [Read more...] about AITUC backs central government employees call for strike
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NPS
7th Pay Commission to get Cabinet nod soon, here’s why you will get 10 per cent less arrears in hand
7th Pay Commission to get Cabinet nod soon, here’s why you will get 10 per cent less arrears in hand The 7th Central Pay Commission recommendations are likely to be cleared by the Union Cabinet on Wednesday, leading to a much-awaited bonanza for 47 lakh central government employees and 53 lakh pensioners in the form of higher salaries and arrears from January 1, … [Read more...] about 7th Pay Commission to get Cabinet nod soon, here’s why you will get 10 per cent less arrears in hand
Exemption of Railways from National Pension System – NFIR
Exemption of Railways from National Pension System – NFIR Exemption of Railways from National Pension system (NPS) as recommended by the Railway Ministers – kind intervention and approval requested NFIR National Federation of Indian Railwaymen No.IV/NPS/PFRDA BILL/Part I Dated: 26.6.2016 Shri Narendra Modiji, Hon’ble Prime Minister of India, South … [Read more...] about Exemption of Railways from National Pension System – NFIR
National Pension System (NPS) : PFRDA
National Pension System (NPS) : PFRDAFOR PUBLIC AND STAKEHOLDERS COMMENTS – CONCEPT PAPER- CHOICE TO THE GOVT EMPLOYEES A. Launch of NPS and Current scenario 1. The National Pension System (NPS) was introduced in 2003 for all Central Government employees (except armed forces) who joined the service on or after 01.01.2004. The NPS marked a paradigm shift from the … [Read more...] about National Pension System (NPS) : PFRDA
Changes in National Pension System (NPS)
Changes in National Pension System (NPS) The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension System (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. ii. Waiving service tax on the NPS corpus utilized for purchase of annuity. iii. The amount receivable by the nominee in case of death … [Read more...] about Changes in National Pension System (NPS)
PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDA
PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDAGuidelines issued from PFRDA on processing partial withdrawal requests under National Pension System (NPS). As per the guidelines, a subscriber can partially withdraw his/her accumulated pension wealth, not exceeding twenty-five per cent of the contributions made by the subscriber and excluding contributions made by the … [Read more...] about PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDA
Tax benefit available under National Pension System (NPS) – AIRF
Tax benefit available under National Pension System (NPS) – AIRF GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) RBE No. 31/2016 No 2012/F(E)III/1(1)/4 Dated: 07.04.2016 The GMs/FA&CAOs, All Indian Railways/Production Units/RDSO. (As per mailing list) Subject: Tax benefit available under National Pension System … [Read more...] about Tax benefit available under National Pension System (NPS) – AIRF
Tax benefit available under National Pension System (NPS)
Tax benefit available under National Pension System (NPS) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B- 14/A, Chhatrapati shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016 PFRDA/23/CORP/20/5 25th February, 2016 Dear sir, Subject: Tax benefit available under National Pension System (NPS) You would be aware that under the National … [Read more...] about Tax benefit available under National Pension System (NPS)
Conference on Implementation of National Pension System by Central Government
PFRDA: PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PRESS RELEASE Conference on Implementation of National Pension System by Central Government A conference on implementation of National Pension System by Central Government Ministries & Departments was organized by PFRDA on 16th March, 2016 at New Delhi. The prime objective was to provide a forum to all Central … [Read more...] about Conference on Implementation of National Pension System by Central Government
EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
Under NPS, only 60 per cent of the corpus can be withdrawn as lump sum. Now, there is no tax on the 40 per cent. And if the person decides to invest the remaining 20 per cent also in annuity, there would be no tax on withdrawal. EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive – Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on … [Read more...] about EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
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