GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Assets Under Management (AUM) of National Pension System (NPS) cross RS. 1 Lac Crore

Dated:- 9-10-2015 - NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis. Further, from 1st June 2015, the Atal Pension Yojana has been launched which has given the much required impetus to the social security schemes. Curr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nd Development Authority (PFRDA) has taken various steps at the policy as well as operational levels to make NPS more subscriber friendly. In addition to this additional tax benefits made available exclusively to NPS has given a fillip to the scheme. This is further expected to result into a substantial increase in the subscriber base by end March 2016. The following steps have been taken in the recent past for the convenience of the subscriber: The investment guidelines for NPS have been revise .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

0 years and also have the option to defer purchase of annuity upto 3 years from the date of superannuation or 60 years. The funds during this period remain invested in the system. The Statement of Transactions (SOT) being sent by CRA to the existing subscribers has been modified to reflect the returns of the individual subscriber since the date of account opening and also the return generated during the last financial year. To facilitate and operationalize the deposit of additional contribution .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version