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Govt hike its contribution to central govt employees NPS to 14%

The central government has notified the increase in its contribution to central government employees NPS accounts from 10% to 14% with effect from April 1, 2019. The notification was issued on 31.1.2019. “The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government” according to the notification. 

Read More at The Economic Times News date : 1 Feb 2019, Friday

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