new pension scheme - Page 10

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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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...

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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 . ...

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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...

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Posted Under: Corporate Law |

How to Generate Jeevan Pramaan / Digital Life Certificate

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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Posted Under: Corporate Law |

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 Aadhaar....

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Additional deduction of Rs. 50000 for NPS Investment

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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Posted Under: Corporate Law |

How the changes are occurring in Indian pension environment!

The pension environment in India has been the major growth booster through which several companies have been cashing on to. There are best pension plans in India which you can find for yourself to have better and promising returns. When it comes to the retirement plans there are indeed several options that you can pick from....

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Posted Under: Corporate Law |

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

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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Posted Under: Corporate Law |

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