new pension scheme

5 Last-Minute Income Tax Saving Instruments

Corporate Law - By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day. ...

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Budget 2017: Tax-exemption to partial withdrawal from National Pension System (NPS)

Corporate Law - In order to provide further relief to an employee subscriber of NPS, it is proposed to amend the section 10 so as to provide exemption to partial withdrawal not exceeding 25% of the contribution made by an employee in accordance with the terms and conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and r...

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Budget 2017- New Benefits announced for NPS Subscribers

Corporate Law - Existing provision of section 10(12A)of the Income Tax Act, 1961 provides that payment from National Pension System (NPS) to a subscriber on closurer of his account or opting out shall be exempt up to 40% of total corpus at time of withdrawal . ...

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Present Rates of Contribution under EPF, EPS and EDLI

Corporate Law - Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees' Provident Fund (EPF) and Employee Deposit Linked Insurance (EDLI) Scheme...

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How to Generate Jeevan Pramaan / Digital Life Certificate

Corporate Law - Launched by Hon. PM Shri. Narendra Modi ji, on 10th Nov 2014, Digital Life Certificate for Pensioners Scheme of the Government of India, known as the Jeevan Pramaan...

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Hike Senior Citizen’s Pension to Rs 2000 P.M.: Amicus Curiae

Corporate Law - In 2013 we had recommended to the Parliamentary Committee of the Social Justice and Empowerment Ministry chaired by Mr Hemanand Biswal the amount of 1000 Rs ( which is recorded in the report). In 2017 with inflation and consequent indexing it wall be Rs 2000/- which is half the minimum working wage as prescribed by Government of India....

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Need to create awareness on pension at grassroots level

Corporate Law - Need to create awareness on pension at grassroots level...

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Additional deduction of Rs. 50000 for NPS Investment

Corporate Law - Through the Finance Act, 2015, a separate section 80CCD(1B) has been inserted in the Income Tax Act, 1961 , wherein a subscriber under NPS is allowed a deduction in computation of his total income, whether or not any deduction is allowed under Section 80CCD(1)...

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NPS to observe Service Fortnight from June 27 to July 9, 2016

Corporate Law - National Pension System (NPS) to observe Service Fortnight from June 27 to July 9, 2016; Fortnight long campaign aims at awareness creation, service orientation and information dissemination along with subscribers registration. ...

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Budget 2016: Changes in National Pension System (NPS)

Corporate Law - The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension System (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. ii. ii. Waiving service tax on the NPS corpus utilized for purchase of annuity. iii. The amount receivable by the nominee in case of death of the...

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Benefit of 2 Years weightage of Service under Employees Pension Scheme

Circular No. Pension- Pen-I/3/4/2016/MOL&E/2 - (08/05/2017) - In the case of the member who superannuates on attaining the age of 58 years, and who has rendered 20 years pensionable service or more, his pensionable service shall be increased by adding a weightage of 2 years....

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Amendment in rule for Disbursement of pension and other benefits

G.S.R. 437(E) - (04/05/2017) - Disbursement of pension and other benefits.- (1) The Commissioner shall, with the approval of the Central Board, enter into arrangement for the disbursement of pension and other benefits under this Scheme with disbursing agencies like post office or nationalised banks or Treasuries or scheduled comm...

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No pension without submission of Jeevan Pramaan/ Life Certificate

No. Pension -1/17(10)/2016-17/Jeevan Pramaan/301 - (11/04/2017) - It will be mandatory for all pensioners of the EPS' 1995 who are desirous of continuing the benefits of the said scheme to furnish their Jeevan Pramaan/Life Certificate by 30.04.2017....

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PF & withdrawal benefit on date of leaving service to International Worker

File No. IWU/7/)(25)/2017 /Payment of PF and Withdrawal Benefits/34140 - (23/03/2017) - In order to facilate payment of Provident Fund and withdrawal benefit under EPS, 1995 to International Workers on the date of leaving service in India, the following instructions are issued:-...

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Aadhaar Compulsory to avail benefit of Employees’ Pension Scheme

Notification No. S.O. 26(E) - (04/01/2017) - Members and pensioners of the Employees’ Pension Scheme are hereby required to furnish proof of the possession of the Aadhaar number or undergo Aadhaar authentication as per the procedure laid down by the Employees Provident Fund Organisation for better and hassle free identification through Aadha...

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Recent Posts in "new pension scheme"

Benefit of 2 Years weightage of Service under Employees Pension Scheme

Circular No. Pension- Pen-I/3/4/2016/MOL&E/2 (08/05/2017)

In the case of the member who superannuates on attaining the age of 58 years, and who has rendered 20 years pensionable service or more, his pensionable service shall be increased by adding a weightage of 2 years....

Read More

Amendment in rule for Disbursement of pension and other benefits

G.S.R. 437(E) (04/05/2017)

Disbursement of pension and other benefits.- (1) The Commissioner shall, with the approval of the Central Board, enter into arrangement for the disbursement of pension and other benefits under this Scheme with disbursing agencies like post office or nationalised banks or Treasuries or scheduled commercial banks including regional rural ba...

Read More

Hike Senior Citizen’s Pension to Rs 2000 P.M.: Amicus Curiae

In 2013 we had recommended to the Parliamentary Committee of the Social Justice and Empowerment Ministry chaired by Mr Hemanand Biswal the amount of 1000 Rs ( which is recorded in the report). In 2017 with inflation and consequent indexing it wall be Rs 2000/- which is half the minimum working wage as prescribed by Government of India....

Read More
Posted Under: Corporate Law |

Need to create awareness on pension at grassroots level

Need to create awareness on pension at grassroots level...

Read More
Posted Under: Corporate Law |

No pension without submission of Jeevan Pramaan/ Life Certificate

No. Pension -1/17(10)/2016-17/Jeevan Pramaan/301 (11/04/2017)

It will be mandatory for all pensioners of the EPS' 1995 who are desirous of continuing the benefits of the said scheme to furnish their Jeevan Pramaan/Life Certificate by 30.04.2017....

Read More

5 Last-Minute Income Tax Saving Instruments

By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day. ...

Read More

PF & withdrawal benefit on date of leaving service to International Worker

File No. IWU/7/)(25)/2017 /Payment of PF and Withdrawal Benefits/34140 (23/03/2017)

In order to facilate payment of Provident Fund and withdrawal benefit under EPS, 1995 to International Workers on the date of leaving service in India, the following instructions are issued:-...

Read More

Budget 2017: Tax-exemption to partial withdrawal from National Pension System (NPS)

In order to provide further relief to an employee subscriber of NPS, it is proposed to amend the section 10 so as to provide exemption to partial withdrawal not exceeding 25% of the contribution made by an employee in accordance with the terms and conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and r...

Read More
Posted Under: Corporate Law |

Budget 2017- New Benefits announced for NPS Subscribers

Existing provision of section 10(12A)of the Income Tax Act, 1961 provides that payment from National Pension System (NPS) to a subscriber on closurer of his account or opting out shall be exempt up to 40% of total corpus at time of withdrawal . ...

Read More
Posted Under: Corporate Law |

Present Rates of Contribution under EPF, EPS and EDLI

Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees' Provident Fund (EPF) and Employee Deposit Linked Insurance (EDLI) Scheme...

Read More
Posted Under: Corporate Law |
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