Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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NEW DELHI: The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh central government employees. The Centre will contribute 14% of basic salary to their pension..."/>
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                            <div align="justify">-The Times of India<br /><em><br />NEW DELHI: </em>The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh central government employees. The Centre will contribute 14% of basic salary to their pension corpus, up from 10%. The employee&rsquo;s contribution will remain at 10%, bringing the total contribution to 24%.<br /><br />Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at the time of retirement would be tax free.<br /><br />The NPS was launched in January 2004 for government employees and was opened to private sector employees in 2009.<br /><br />At present, 40% of the total accumulated corpus utilised for purchase of annuity is tax exempt.<br /><br />Of the remaining 60% corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and 20% is taxable. The tax exemption is now extended to the entire 60%.<br /><br />Jaitley said the exact date from which these changes would come into effect would be notified soon, adding that normally such changes are made from the new financial year since they require changes in the finance bill.<br /><br />Sources told agencies the government can start enhanced contribution beginning January but tax benefit would be available from the next financial year.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms" title="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms" class="re" target="_blank">The Times of India, 11 December, 2018, https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms</a><div class="clear"></div>
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                            <div align="justify">-The Times of India<br /><em><br />NEW DELHI: </em>The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh central government employees. The Centre will contribute 14% of basic salary to their pension corpus, up from 10%. The employee&rsquo;s contribution will remain at 10%, bringing the total contribution to 24%.<br /><br />Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at the time of retirement would be tax free.<br /><br />The NPS was launched in January 2004 for government employees and was opened to private sector employees in 2009.<br /><br />At present, 40% of the total accumulated corpus utilised for purchase of annuity is tax exempt.<br /><br />Of the remaining 60% corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and 20% is taxable. The tax exemption is now extended to the entire 60%.<br /><br />Jaitley said the exact date from which these changes would come into effect would be notified soon, adding that normally such changes are made from the new financial year since they require changes in the finance bill.<br /><br />Sources told agencies the government can start enhanced contribution beginning January but tax benefit would be available from the next financial year.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms" title="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><em><br />NEW DELHI: </em>The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh central government employees. The Centre will contribute 14% of basic salary to their pension corpus, up from 10%. The employee&rsquo;s contribution will remain at 10%, bringing the total contribution to 24%.<br /><br />Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at the time of retirement would be tax free.<br /><br />The NPS was launched in January 2004 for government employees and was opened to private sector employees in 2009.<br /><br />At present, 40% of the total accumulated corpus utilised for purchase of annuity is tax exempt.<br /><br />Of the remaining 60% corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and 20% is taxable. The tax exemption is now extended to the entire 60%.<br /><br />Jaitley said the exact date from which these changes would come into effect would be notified soon, adding that normally such changes are made from the new financial year since they require changes in the finance bill.<br /><br />Sources told agencies the government can start enhanced contribution beginning January but tax benefit would be available from the next financial year.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms" title="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms" class="re" target="_blank">The Times of India, 11 December, 2018, https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms</a><div class="clear"></div>
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Home हिन्दी

Government makes NPS withdrawal 100% tax exempt

Published on Dec 11, 2018   Modified on Dec 11, 2018

-The Times of India NEW DELHI: The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh central government employees. The Centre will contribute 14% of basic salary to their pension corpus, up from 10%. The employee’s contribution will remain at 10%, bringing the total contribution to 24%. Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at the time of retirement would be tax free. The NPS was launched in January 2004 for government employees and was opened to private sector employees in 2009. At present, 40% of the total accumulated corpus utilised for purchase of annuity is tax exempt. Of the remaining 60% corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and 20% is taxable. The tax exemption is now extended to the entire 60%. Jaitley said the exact date from which these changes would come into effect would be notified soon, adding that normally such changes are made from the new financial year since they require changes in the finance bill. Sources told agencies the government can start enhanced contribution beginning January but tax benefit would be available from the next financial year. Please click here to read more.

The Times of India, 11 December, 2018, https://timesofindia.indiatimes.com/business/india-business/government-makes-nps-withdrawal-100-tax-exempt/articleshow/67033657.cms

Tagged with: National Pension System (NPS) Social Security

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