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Wednesday, May 16, 2012

Empanelment of Annuity Service Providers (ASPs) for National Pension System (NPS)

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Empanelment of Annuity Service Providers (ASPs) for National Pension System (NPS) for providing annuity services to the subscribers of National Pension System

Subscribers to the National Pension System (NPS) will now have a choice of Annuity Service Providers, from whom they can choose their annuity schemes on their exit from NPS on attainment of 60 years of age.    Pension Fund Regulatory and Development Authority (PFRDA) has empaneled  the following  six IRDA approved life insurance companies  for providing annuity services to the subscribers of National Pension System (NPS).

Revised and corrected table for CGEGIS 2012

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Revised and corrected table for CGEGIS 2012

The Finance Ministry has published an another office memorandum pertaining to the insurance scheme for Central Government employees on 9th May 2012. An earlier on 24th April, this department issued an accumulate table of benefits for the savings in the insurance scheme fund for the period of this year. The CGEGIS table 2012 has now been cancelled due to certain inadvertent error by the this Ministry.

Increase in Number of Tax Payers

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Increase in Number of Tax Payers 

The number of effective income tax assesses as well as the number of registered Central Excise and Service Tax assesses during the years 2006-07 to 2010-11 are as under:

Financial Year
Income Tax Assesses
Central Excise
Service Tax
2006-07 31903137 92035 947970
2007-08 33662801 96719 1070068
2008-09 32650627 100163 1221846
2009-10 34085426 101709 1224316
2010-11 33739124 113482 1300226

The amount of revenue collected from direct and indirect taxes during the period 2006-07 to 2010-11 is given below:



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