• Skip to main content
  • Skip to primary sidebar
  • Home
  • Aicpin
  • Recent Post
  • Pay Matrix
    • Defence Personnel
      • MNS Officers
  • Recent Govt Orders
    • Dopt orders
    • Finmin orders
  • DA From January 2021
  • Holiday list 2020
Govtempdiary

Govtempdiary

Govtempdiary is leading Central government employees news provider

You are here: Home / CGE LATEST NEWS / National Pension Scheme Tier II- Tax Saver Scheme, 2020 under section 80C
This image has an empty alt attribute; its file name is b_new.gif Railways:Regarding Ex-gratia payment Rs.25,00,000
This image has an empty alt attribute; its file name is b_new.gif AICPIN for the month of November 2020
This image has an empty alt attribute; its file name is b_new.gif LTC cash voucher scheme Calculator
This image has an empty alt attribute; its file name is b_new.gif Expected DA from January 2021 Calculator
This image has an empty alt attribute; its file name is b_new.gif List of Kendriya Vidyalaya Schools 2021

Quick links
Hot newsDopt orders
Recent govt ordersRecent post

National Pension Scheme Tier II- Tax Saver Scheme, 2020 under section 80C

July 8, 2020 GEDWEBZIP

National Pension Scheme Tier II- Tax Saver Scheme, 2020 under section 80C

National Pension Scheme Tier II- Tax Saver Scheme, 2020 under section 80C

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)

Signed Copy

Related posts:

  1. National Pension Scheme Tier II-Tax Saver Scheme, 2020 (NPS-TTS) – RBE No. 82/2020
  2. Revised Interest Rate Gazette Notification : National Savings (Monthly Income Account) Scheme, 2020
  3. Whether the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent: Yes, Govt said in Parliament
  4. PFRDA – Regulations for Exits & withdrawals under NPS(2020)
  5. Clarification in respect of residency under section 6 of the Income-tax Act, 1961 – CBDT
  6. National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons
  7. PFRDA: Choice of Pension Funds & Investment Pattern in Tier I of NPS(SG, SABs, CABs)
  8. National Pension System MOF Letter
  9. Increase in rate of pension from Rs. 200/- to Rs. 300|Indira Gandhi National Widow Pension Scheme
  10. CBDT – Order under Section 119(2)(a) of the Income-tax Act, 1961
  11. Clarification in respect of residency under section 6 of the Income-tax Act, 1961 – PIB
  12. New Pension Scheme (NPS) – PIB
  13. Stoppage of Auto-debit for APY contributions till 30th June, 2020 – PFRDA Circular
  14. Circular C1 of 2020 : Clarification in respect of option under section 115BAC of the Income-tax Act, 1961
  15. PFRDA : Activities under NPS & NPS Lite- Swavalamban Scheme from March to June 20
  16. Reintroduction Of Old Pension Scheme
  17. National Pension System (NPS) crosses Rs. 1 lac crore
  18. Scrapping Of New Pension Scheme – Lok Sabha Q&A
  19. S.B. Order 11/2020 – Correction Slips for Senior Citizens Savings Scheme in POSB(CBS) Manual
  20. Withdrawal of NPS & reintroduction of Old Pension Scheme under CCS (Pension) Rules, 1972

Filed Under: CGE LATEST NEWS, NPS, Recent govt orders July 8, 2020 Leave a Comment

LTC cash voucher scheme 2020
LTC cash voucher scheme 2020

PIB – “Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh

January 18, 2021 By selva 2 Comments

“Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh Ministry of Personnel, Public Grievances & Pensions Posted On: 17 JAN 2021 5:16PM by PIB Delhi Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh […]

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances

January 18, 2021 By selva Leave a Comment

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances File No. M-51011/1/2020-CDN-CGA/1066Ministry of FinanceDepartment of Expenditure,Controller General of Accounts Mahalekha Niyantrak BhawanE-Block, GPO Complex, INA, New DelhiDated 13th January,2021 OFFICE MEMORANDUM Subject: Standard Operating Procedure for Redressal of Public Grievances-reg. In order to enhance the effective grievance redressal mechanism in the CGA office, […]

PCDA – Functioning of office with 100% strength

January 13, 2021 By GEDWEBZIP Leave a Comment

All the officers and staff members will attend their respective offices with 100% strength. It is reiterated that instructions on COVID-19 protocol and preventive measures issued by MHA and Ministry of Health and Family Welfare from time to time must be strictly complied with

CPAO : Submission of Life Certificate by NPS-AR pensioner through Jeevan Pramaan

January 13, 2021 By GEDWEBZIP Leave a Comment

Submission of Life Certificate has been developed in Jeevan Pramaan for NPS-AR pensioners and this interface is now live for submission of Digital Life Certificate (DLC) through Jeevan Pramaan

High Court Order : Freezing of Industrial Dearness Allowance w.e.f. 01.10.2020

January 9, 2021 By GEDWEBZIP Leave a Comment

Regarding freezing of Industrial Dearness Allowance w,e.f. 01.10.2020 in respect of Executives and Non-Unionised Supervisors of CPSEs following IDA pay pattern

Grant of Advance – Special Festival Package(10,000/-) to Govt Servants

January 7, 2021 By GEDWEBZIP Leave a Comment

Grant of Advance – Special Festival Regarding an Interest Free Advance of Rs 10,000/- on account of Special Festival Package and Application For claiming Special Festival Package

Interest rates for National (Small) Savings Schemes – SB Order No. 38/2020

January 6, 2021 By GEDWEBZIP Leave a Comment

The rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021)

Grant of Pongal Prize to ‘C’ and ‘D’ Group Pensioners/All Family Pensioners – TN Govt Order

January 5, 2021 By GEDWEBZIP Leave a Comment

This order shall also be applicable to all ‘C’ and ‘D’ Group provisional pensioners. The Pongal Prize amount shall not be admissible to those employees who retire on or after 04-01-2021

Adhoc Bonus for Pongal festival 2021 – TN Govt Order

January 5, 2021 By GEDWEBZIP Leave a Comment

The Ad-hoc Bonus shall be computed on the basis of actual emoluments as on 31st March 2020. The amount of ad-hoc bonus shall be calculated as if monthly emoluments were Rs.3,000/- per month

More Posts from this Category

List of Holidays during the year 2021 for central government offices in Tripura

Regarding list of public and restricted holidays during the year 2021 for central government offices located in Tripura

Holiday list in the State of Haryana during the Calendar year 2021

Holiday list both public holidays and restricted holidays in the State of Haryana during the Calendar year 2021, dated December 3, 2020

Recent comments

  • Rajesh on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • shail bhatt on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • Anonymous on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • Raushan Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Raushan Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Nikesh Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Nikesh Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Anonymous on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • shrijeet mishra on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • tejal on Promotion/MACP Option form Calculator

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search

calcuators

  • Expected DA Calculator January 2021
  • HRA calculator 2020 (DA>25%)
  • Tax benefit calculator 2020
  • Expected DA For Bank Employees From November 2020
  • 7th pay commission calculator [updated]
  • Promotion/MACP Option form Calculator
  • 7th Pay Commission Pension Calculator
  • Bonus Calculator 2020
  • LTC Leave Enhancement Calculator For Block Year 2018-2021
  • LTC cash voucher scheme Ready reckoner

Pay Matrix table

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar

CSD Price list

  • CSD Car Price List 2021
  • Maruti Suzuki CSD Car Price List 2021

KVS Schools list

  • List of Kendriya Vidyalaya Schools
Copyright© 2010–2021

Central Government Employees News - Govtempdiary