National Pension System (NPS) was earlier a Compulsory retirement fund for government employees (except army forces). NPS was introduced in 2009 for central and state government employees to replace old benefit-based scheme. Earlier, pension was based on the average of emoluments (basic salary, DA and standard allowances) earned during the last ten months of service […]
March 6, 2016 By Leave a Comment
Which one is better EPF or PPF or NPS
The Employee Provident Fund Tax announced in the Union Budget 2016-17 has everyone scurrying to withdraw their deposits. Under the Budget proposal, the government is planning to tax 60 per cent of Employees Provident Fund corpus on contributions made after April 1, 2016. The move by the government has sent confusing signals and has put […]
