• Skip to main content
  • Skip to primary sidebar
  • Home
  • AICPIN
    • AICPIN for June 2022
  • Jan 2023 DA Calculator
    • Expected DA from January 2023 Calculation
  • Pay Matrix
    • 7th CPC Pay Matrix Table
  • Holidays 2022
  • Salary Calculator 2022
  • Contact Us
Gservants News

Gservants News

Latest Central Govt employees news today and 7th CPC pay matrix

Revised 7th CPC Pay Matrix
7th CPC Pay Matrix Level 1 to 5
7th CPC Pay Matrix Level 6 to 9
7th CPC P Matrix Level 10 to 12
7th CPC P Matrix Level 13 to 14 
7th CPC P Matrix Level 15 to 18
Right time to demand the constitution of 8th Central Pay Commission
Expected DA Calculator from January 2023
New Salary Calculator for CG Staff
Fitment Factor 3.68 and Minimum Pay Rs.26000
Fitment Factor and Pay Matrix Table

Minimum Contribution to NPS Tier II Tax Saver Scheme 2020

July 9, 2020 G. Buvaneswari

The minimum amount of contribution to activate the National Pension Scheme Tier II Tax Saver Scheme 2020 account shall be one thousand rupees and minimum amount of subsequent contribution shall be two hundred and fifty rupees

Minimum Contribution to NPS Tier II

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 7th July, 2020

S.O. 2232(E).- In exercise of the powers conferred by clause (xxv) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely:-

1.Short title and commencement.-(1) This scheme may be called the National Pension Scheme Tier II- Tax Saver Scheme, 2020.

(2) It shall come into force from the date of its publication in the Official Gazettee.

2.Definitions – (1) In this scheme, unless the context otherwise requires,-

(a) “Act” means the Income-tax Act, 1961 (43 of 1961);

(b) “authority” means the Pension Fund Regulatory and Development established under Sub-section (1) of section 3 of the Pension Fund Regulatory and Development Authority Act,2013 (23 of 2013);

(c) “investment” means contribution in an specified account by the Central Government employee in accordance with the scheme;

(2) The words and expressions used herein and not defined but defined in the Act shall have the same meaning as respectively, assigned to them in the Act.

3.Investment.- (i) The assessee, being a Central Government employee, shall make contribution to the specified account which has been activated by the authority in accordance with the provisions of this scheme read with the operational guidelines, if any, issued by the authority in this regard on or after the date of commencement of this scheme.

(ii) The minimum amount of contribution to activate the specified account shall be one thousand rupees and minimum amount of subsequent contribution shall be two hundred and fifty rupees.

4.Lock- in-period.-The contribution made under this scheme shall have a lock in period of three years from the date of credit of amount to the specified account.

5.Transferability.-The contribution made to the specified account shall not be permitted to be assigned, pledged or hypothecated during the lock-in-period.

[Notification No. 45 /2020/F. No.370142/26/2019-TPL]
GUDRUN NEHAR, Director Tax Policy and Legislation)

View the Notification

Related posts:

  1. Central Government employees must be fully excluded from NPS
  2. NPS Annuity Options and its Details
  3. NPS Important Announcements and Approvals by PFRDA
  4. Benefits of Old Pension Scheme to NPS

TYPE HERE THE RELATED WORD AND SEARCH ORDERS

Reader Interactions

Leave a Reply

You must be logged in to post a comment.

Primary Sidebar

Latest 7th CPC Calculators

New Salary Calculator 2023
Promotion Pay Fixation Calculator
7th CPC Gratuity calculator
In hand Salary calculator 2023
DA Calculator from July 2023
7th CPC Pension Calculator
7th CPC Commutation calculator
CGEGIS Benefits Calculator
Night Duty Allowance Calculator

7TH CPC PAY MATRIX

7th CPC Pay Matrix Level 1 to 5
7th CPC Pay Matrix Level 6 to 9
7th CPC P Matrix Level 10 to 12
7th CPC P Matrix Level 13 to 14 
7th CPC P Matrix Level 15 to 18

Central Govt Holidays 2023

Central Govt Holidays 2023
Compulsory Holidays and Restricted Holidays 2023

Latest DA and DR News

Expected DA Calculator from January 2023
18 Months DA Arrears Latest News 2023
DA Arrears Loss Calculator for 18 Months
DR Loss calculator for Freezing Period

LTC Eligibility and Block Year

LTC Rules for New Recruits
Current LTC Block is 2022-2025
LTC Block Year 2018-2021
LTC Carry Forward 2018-2021
LTC FAQ for New recruits
LTC by Air Travel guidelines
LTC by Air to NER, JK and AN
LTC 80 Air Fare Latest
Booking LTC Air Tickets

© 2010–2023 . gservants.com by Gservants News-Central Government Employees News