Tax benefit available under National Pension System (NPS)
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)
No.2012/F(E)III/1(1)/4
Dated 07.04.2016
The GMs/FA&CAOs,
All India Railways/Production Units/RDSO
(As per mailing list)
Subject:
A copy of Pension Fund Regulatory & Development Authority (PFRDA)’s letter No.PFRDA/23/CORP/20/5 dated 25.02.2016 on the above subject is enclosed for information and compliance. The contents of the letter regarding opening of e-NPS account shall apply mutatis mutandis on the Railways also.
2. Please acknowlege receipt.
(Sanjay Prashar)
Deputy Director Finance, (Estt.)III
Railway Board.
jugal kishor sharma says
I am Railway employee covered under pension scheme. as per latest notification additional 50000 inr can be invested in NPS tier-1 account for tax saving instrument.
Please tell me that in which category I can open NPS account i.e. Indian govt employee, corporate sector, all India model or lite/swavlamban.