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Accounting for NPS

This query is : Resolved 
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(Querist)
04 May 2011 Hi,

I have opened NEW PENSION SYSTEM (NPS) Tier-I pension account.

I am regularly making contribution to this account.

Contribution is invested after deducting charges is invested in Funds chosen by me.
Units are alloted to me just like Mutual fund.

There is no fixed interest payment for NPS contribution.

Also value of units in my NPS account will increase or decrease depending up on NAV.


For Example I am making contribution of Rs.50,000/- during the financial year 2010-11.Value of these units as on 31-Mar-2011 is Rs.55,000/-

Can u please tell me how to account for this in my books of accounts.
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Jitendra

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Jitendra (Querist)
19 May 2011 Hi,

Please reply to my query.
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Jitendra

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Jitendra (Querist)
13 June 2012 Hi,

Please reply to my query.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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