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Central govt employees may get 50% of their last drawn salary as pension under NPS: Report

Central govt employees may get 50% of their last drawn salary as pension under NPS: Report

Jul 11, 2024, at 06:09 am

New Delhi: As the Finance Ministry prepares to present the full fiscal year budget for 2024-25, the National Democratic Alliance (NDA) government is considering offering central government employees a pension equivalent to 50% of their last drawn salary under the National Pension System (NPS), according to a report by the Times of India.

Budget 2024: Tax relief sought for employers' NPS contributions up to 12% of basic salary

Budget 2024: Tax relief sought for employers' NPS contributions up to 12% of basic salary

Jan 13, 2024, at 04:32 am

New Delhi: The government should allow tax exemption for the contributions of up to 12 percent of employees' basic salary to the National Pension System (NPS), the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty said on Friday, according to media reports.

NPS subscribers grow 22.88% y-o-y to 624.81 lakh

NPS subscribers grow 22.88% y-o-y to 624.81 lakh

Mar 11, 2023, at 07:32 am

New Delhi/IBNS: The National Pension System (NPS) has witnessed a significant surge in its subscriber base over the past year, with the number of subscribers under various schemes rising to 624.81 lakh as of March 4, 2023, the Ministry of Finance said on Friday.

Budget 2017: Benefits announced for NPS subscribers

Budget 2017: Benefits announced for NPS subscribers

Feb 02, 2017, at 07:37 pm

New Delhi, Feb 2 (IBNS): The Finance Bill 2017 laid down in the Parliament on Thursday introduced several new benefits for National Pension System (NPS) subscribers.