Category: National Pension Scheme

Tax exemption limit for lump sum NPS withdrawals on exit increased to 60% making entire withdrawal exempt

Tax exemption limit for lump sum NPS withdrawals on exit increased to 60% making entire withdrawal exempt As per Press Release of Finance Ministry, the Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS). 1. Enhancement of the …

Partial Withdrawal from NPS allowed

Partial Withdrawal under NPS  The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber ought to be subscribed to …

Retirements Advisers under PFRDA to provide security deposit or bank guarantee

Retirements Advisers under PFRDA to provide security deposit or bank guarantee if they are individuals or carrying on proprietary concerns PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 11th September, 2017 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (RETIREMENT ADVISER) (THIRD AMENDMENT) REGULATIONS, 2017 No.PFRDA/12/RGL/139/10.— In exercise …

NPS New Functionalities to provide ease of operation for benefit of subscribers/nodal officers.

NPS New Functionalities to provide ease of operation for benefit of subscribers/nodal officers.Simplification of account opening, withdrawal, grievance management etc. Press Information Bureau Press Release 1st June, 2017 New Functionalities released under NPS to provide the ease of operation for the benefit of subscribers and nodal offices. Pension …