National Pension System web portal is providing a facility to access and downloading the CPS PRAN Account Annual Statement 2021 or NPS PRAN Account Annual Statement 2021 to all Employees across the India who have joined on or before 01-01-2014 and working in various Departments under State Government and Central Government can check details and download their PRAN Account Annual Statement 2021 by login details from the CRA NSDL Website https://cra-nsdl.com/CRA/.
On this NPS Website, the ‘Investment Summary’ Section provides the Total Contribution in CPS Employee account, Value of his/her holdings (Investments) and Total Notional Gain/Loss on his/her Investment. It also provides overall Return on his/her Investment along with the Return for the financial year (CPS PRAN Account Annual Statement 2021). Return on Investments’ gives the annualized effective compounded return rate in PRAN account and is calculated using the formula of XIRR.
The calculation is done considering all the contribution/redemptions processed in PRAN account since inception and the latest valuation of the investments. The transactions are sorted based on the NAV date. ‘Returns for the Financial Year’ gives the effective return rate for last financial year using the formula XIRR considering all the contributions/ redemptions processed in PRAN account since April 1, Opening Balance & Closing Balance and the latest valuation of the investments.
The above returns are based on scheme NAVs and the securities held under the scheme portfolio are valued at Mark To Market (MTM) basis and are subject to change on NAV fluctuations. The NPS Tier I scheme qualifies for deduction u/s 80CCD of the Income-Tax Act, 1961(the “Act”) If you are an employee or if you are self-employed, you will be able to avail of deduction on contribution made from your taxable income to the extent of (u/s 80 CCD (1) of Income Tax Act, 1961).
|10% of Salary (Basic + DA)||if you are salaried employee|
|20% of your gross income||if you are self-employed|
However, please note that the maximum deduction from your taxable income is limited to Rs.1.50 lac, as permitted under Sec 80 CCE of the Income Tax Act.
Due to review of transactions, units allotted to certain Subscribers may undergo a change. Review of transactions carried out in order to protect the interest of Subscribers as directed by PFRDA. Further, an additional deduction from your taxable income to the extent of Rs.50,000/- is available only for contribution in NPS u/s Sec. 80 CCD (1B) of the Income Tax Act.
Below given example, your salary is Rs.15 lac per annum. On contribution of Rs.2 lac, you can avail: Also note that your employer’s contribution up to 10% of your salary is fully deductible from your taxable income.
|a) Deduction under Sec. 80 CCD (1)||Rs.1.50 lac|
|b) Deduction under Sec. 80 CCD (1B)||Rs.50,000|
|Total deduction (a+b)||Rs.2.00 lac|
How to download CPS PRAN Account Annual Statement 2021
- Visit the NSDL e-Governance Infrastructure Limited website https://npscra.nsdl.co.in/.
- On this home page, Click on the login link and a pop up window will be appeared. In this popup window click on the link of Subscribers-NPS Regular. The pop up window look like this.
- Then, CRA NSDL Official Web Portal with login web application will be opened. CPS Employee NPS PRAN Account Login web application look like this.
- In this NPS web page, Enter your PRAN Account User ID, Password and captcha code in the required fields and click on the submit button
- Then, NPS Statement or PRAN Annual Statement 2021 downloading web application will appear. In this web page, go to invest summary and click on the Transaction Statement
- Then, Your CPS Annual Account Statement of transaction web page will appear
- Now, Select the financial year from the drop down list and Click on the Generate statement button
- Your NPS Transaction Statement for Tier 1 account will be appeared
- Now check the details and download the PRAN Annual Account Statement 2021 in a PDF format from the given ICONs.
- Open the NPS Annual Account Statement 2021 PDF file and check the all details. Take a print and preserve it future reference
On the NPS website, the ‘Investment Details’ section provides scheme wise details of the Total Contribution processed in your PRAN account. ‘Total Contributions’ in your account as on March 31, 2021 (in Rupees) indicates the cost of units currently held in the PRAN account. ‘Unrealized Gain / Loss’ (in Rs.) indicates the gain/loss in the account for the current units balance in the account.
Account Management: The section “Account Management – Changes made during the Financial Year’ indicates all the change requests processed in PRAN account during the period for which the statement is generated.
Contribution/Redemption Details: The section ‘Contribution/Redemption Details’ gives the details of the contributions and redemption processed in subscriber’s account during the period for which the statement is generated. While contribution amount indicates the amount invested in subscriber’s account, the redemption amount indicates the cost of units redeemed from the account.
The cost of units is calculated on a First-In-First-Out (FIFO) basis. The details are sorted based on date when the transaction is posted in PRAN account, which may/ may not be the date for allotment of the NAV.
Transaction Details: The section ‘Transaction Details’ gives the units allotted under different schemes / asset classes for each of the contributions processed in subscriber’s account during the period for which the statement is generated. It also contains units debited from the account for redemption and rectification. The details are sorted based on date when the transaction is posted in PRAN account, which may/may not be the date for allotment of the NAV.
The Amount in the Closing Balance under the section ‘Transaction Details’ gives the cost of investment of the balance units and not a sum total of all contribution and withdrawal. The cost of units is calculated on a First-In-First-Out (FIFO) basis.
For transactions with the remarks “To Unit Redemption”, the cost of units redeemed are adjusted against the total contribution in the Investment Details section. Further, the cost of units is calculated on a First-In-First-Out (FIFO) basis. For calculating the ‘Returns based on Inflows’, the actual redemption value corresponding to the units redeemed has been considered
The Transaction Statement (PRAN Account Statement) is dynamic. The value and other computations in the Transaction Statement depend upon the date on which the Transaction Statement is accessed in CRA system. The balances and respective narrations reflecting in employee PRAN account are based on the contribution amount and details uploaded by your uploading office (PAO/CDDO) for Central Govt. and (DTA/DTO) for State Government. In case there is no/short/excess contribution for any month or no clarity in the narration, please contact your uploading office.
The narration appearing in the Arrear Contributions is as mentioned by your office at the time of giving/uploading information to CRA. In case you do not find clarity in the narration provided, you may kindly contact your PrAO/PAO/CDDO for Central Government and DTA/DTO for State Government. The contents of the Transaction Statement will be deemed to be correct and accepted by you unless you inform us of any error/ discrepancy within 30 days of receipt of the Transaction Statement.
There may be more than one credit appearing against a month. This may be due to monthly subscription contribution being sent through multiple fund transfers on different days by the PAO/CDDO for Central Government and DTA/DTO for State Government.
Pension Fund Schemes: As per the Gazette Notification dated January 31, 2019 issued by the Ministry of Finance (Department of Financial Services), the Central Government Subscribers w.e.f. April 1, 2019 have the option of selecting the Pension Funds (PFs) and Investment Pattern in their Tier- I account. The Subscriber can choose any one of the available Pension Funds and Investment Option as per their choice. If the choice is not exercised by the Subscriber, NPS contributions would be invested in the existing default schemes of the 3 Pension Fund Managers (PFMs), viz,
|Scheme||Scheme details||PF Manager|
|Scheme 1||LIC Pension Fund Scheme||LIC Pension Fund Limited|
|Scheme 2||SBI Pension Funds Scheme||SBI Pension Funds Pvt.|
|Scheme 3||UTI Retirement Solutions Funds Scheme||Limited and UTI Retirement Solutions Limited|
LIC Pension Fund Limited, SBI Pension Funds Pvt. Limited and UTI Retirement Solutions Limited in a predefined proportion, as mentioned in the Statement of Transaction (SoT), as per the guidelines issued by PFRDA. Scheme preference can be changed once in a year and PFM can be changed once in a financial year.
If you have not provided your mobile number/email ID/Nomination at the time of registration or the details provided earlier have changed, please get the same updated in CRA system by submitting ‘Subscriber Details Change’ form (Form ‘S2’) to your PAO/CDDO for Central Government and DTA/DTO for State Government to update in the CRA system. Also Mobile Number and Email ID can be updated by logging at CRA site (www.cra-nsdl.com) using your PRAN as user ID or by accessing NSDL-CRA Mobile App.
As per Ministry of Finance Gazette Notification dated January 31, 2019, Central Govt. NPS contribution has increased from 10% to 14% (of Basic Pay + Dearness Allowance). Accordingly, feature has already been enabled for Central Govt. including CABs and for some of State Govt.