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of <h1>Key Definitions Explained in National Pension Scheme Tier II- Tax Saver Scheme, 2020, Including 'Act' and 'Authority'</h1> In the National Pension Scheme Tier II- Tax Saver Scheme, 2020, several key definitions are outlined. 'Act' refers to the Income-tax Act, 1961. 'Authority' denotes the Pension Fund Regulatory and Development Authority as per the Pension Fund Regulatory and Development Authority Act, 2013. 'Investment' is defined as contributions made by Central Government employees into a specified account under the scheme. Terms not explicitly defined within this scheme but present in the Act will carry the meanings assigned to them in the Income-tax Act, 1961.
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