Question
Which of the following statement is/are incorrect about
the “National Pension Scheme for Traders and Self Employed (NPS-Traders)”? I. The Government launched the National Pension Scheme for Traders and Self-Employed (NPS-Traders), in September 2019. II. It is a voluntary and co-contributory pension scheme. III. The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs. 5 Lakh is eligible. IV. An income tax payer, can’t join the scheme.Solution
The Government had launched the National Pension Scheme for Traders and Self Employed (NPS-Traders), in September, 2019 for the welfare of traders including the retail shopkeepers. It is a voluntary and co-contributory pension scheme. The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs.1.5 crore and who are not member of EPFO/ESIC/MPS/PM-SYM or an income tax payer, can join the scheme.
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