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Posts Tagged ‘what is nps’

NPS

TweetShareNew Pension System (NPS) What is NPS? New Pension System (NPS) is a scheme introduced originally in 2003 by the Government of India to Enable individuals to save for their retirement, and was extended in 2009 to cover employees of private Sector as well. Effective April 1st, 2011, the Government has exempted from Income tax the contribution through the employer. The scheme is administered and controlled by the Pension Fund Regulatory & Development Authority – PFRDA (www.pfrda.org.in) ... 

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