https://www.taxtmi.com/news?id=2561 New Pension Scheme is a defined contribution arrangement where retirement payout depends on contributions and investment returns; at retirement a portion of the corpus is withdrawable while the remainder is subject to a mandatory annuitisation requirement to purchase life annuities from insurers approved by the Insurance Regulatory and Development Authority, with annuity levels depending on options chosen. en-us Tue, 13 Dec 2011 17:54:05 +0530 Tue, 13 Dec 2011 17:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2561 New Pension Scheme is a defined contribution arrangement where retirement payout depends on contributions and investment returns; at retirement a portion of the corpus is withdrawable while the remainder is subject to a mandatory annuitisation requirement to purchase life annuities from insurers approved by the Insurance Regulatory and Development Authority, with annuity levels depending on options chosen. News - Tue, 13 Dec 2011 17:54:05 +0530 https://www.taxtmi.com/news?id=2561