Browsing: defined-contribution new pension scheme

Initially, because the inception of the National Pension System (NPS) in January 2004 as defined-contribution New Pension Scheme to replace the defined-advantage Old Pension Scheme for the government staff, each the staff and employers had been contributing 10 % of salary (Basic + DA)

The on line opening of the NPS is known as eNPS account opening.The Income Tax Act makes it possible for…