NPS – News Express

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NPS subscribers, don’t let your account be frozen! This is the minimum contribution needed to keep National Pension System account active – Times of India

adminOctober 1, 202404 mins

National Pension System (NPS) is a voluntary, defined contribution pension scheme. (AI image) NPS minimum contribution: The National Pension System (NPS) is a voluntary, defined contribution pension scheme that allows individuals to create a retirement corpus by making contributions to their individual Pension Account throughout their working life. The accumulated funds are then used to…

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Unified Pension Scheme vs OPS vs NPS: How is UPS different from National Pension Scheme, Old Pension Scheme? – Times of India

adminAugust 26, 202406 mins

UPS vs OPS vs NPS: The Modi government has introduced a new pension scheme called the Unified Pension Scheme (UPS) for central government employees who joined the service after January 1, 2004. This scheme, which will be implemented from April 1, 2025, guarantees a pension equal to 50% of the basic salary. The decision to…

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Unified Pension Scheme: How is it different from National Pension Scheme – Times of India

adminAugust 25, 202405 mins

NEW DELHI: The Cabinet on Saturday approved the Unified Pension Scheme (UPS) for 23 lakh central government employees. The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have served for 25 years or more.Additionally, they will also be eligible…

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Are NPS Vatsalya & hiked NPS deduction limit for private sector employees good moves from Budget 2024? Experts decode – Times of India

adminJuly 29, 202408 mins

Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives with regard to National Pension Scheme (NPS) – extension of NPS 14% employer contribution benefits to private setcor and the intended launch of NPS Vatsalya.Budget 2024 announced the hiking of the tax deduction limit on private sector…

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Latest NPS rules 2024: How much tax will you save with new NPS contribution benefit under new regime after Budget 2024? – Times of India

adminJuly 24, 202406 mins

Budget 2024 new NPS benefits: Finance Minister Nirmala Sitharaman has announced additional tax benefits for salaried taxpayers investing in the National Pension Scheme. The Union Budget has taken steps to promote retirement planning by enhancing the tax advantage on NPS contributions and introducing a new option for minor children in the pension system. The deduction…

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Planning to invest in NPS? Top 5 reasons you should consider National Pension System – Times of India

adminMay 6, 2024011 mins

The National Pension System (NPS) has evolved over time, becoming more user-friendly and adaptable to the needs of investors. The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new features and simplified the process of opening an NPS account, allowing individuals to do so online within minutes, provided they have the necessary documents.Additionally, the…

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New tax regime hits private sector addition to NPS – Times of India

adminApril 4, 202404 mins

NEW DELHI: The pension scheme for the corporate and individuals, regulated by Pension Fund Regulatory and Development Authority (PFRDA), may have been hit by the new tax regime, which offers lower tax rates but no exemptions, such as, those for investment.Latest data released by PFRDA on Thursday estimated that the growth in overall subscriber base,…