Income Tax : Understand the potential of Section 80CCD New Pension Scheme and maximize your tax savings. Learn about deductions for employees a...
Fema / RBI : Discover essential FAQs on government pension payments, including joint account continuation, crediting timelines, excess payment ...
Corporate Law : Articlee examines significance of NPS for retirement arranging, its construction, and tax collection and GST part of National Pens...
Corporate Law : Learn about the online submission and processing of EPS 95 higher pension applications. Understand error codes, solutions, refund ...
Finance : The best way to plan for retirement is to invest funds in schemes dedicated to retirement, such as NPS. Ensuring your retirement c...
Corporate Law : Explore vital role of pensions in securing financial stability during retirement, as discussed by PFRDA Chairperson. Learn about N...
Corporate Law : Explore the Government's plans for offering a guaranteed pension under NPS and the consideration of reverting to Old Pension Schem...
Corporate Law : Pension Fund Regulatory and Development Authority (PFRDA) invites public feedback on the proposed changes to the PFRDA (Point of P...
Corporate Law : Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker ...
Corporate Law : The paper observes that India’s pension-sector (NPS plus APY), provides a flexible mode of oldage income-security not only for s...
Income Tax : In the case of G.K. Reddy vs. DCIT, Madras High Court has directed the Income Tax Department to lift the attachment of a pension a...
Corporate Law : Delve into the Pension Fund Regulatory and Development Authority's (PFRDA) latest regulations for making and reviewing regulations...
Corporate Law : Government of India announces a 4% increase in Dearness Relief for pensioners effective from January 2024. Details & implications ...
Corporate Law : Learn how to process Joint Declarations for member profile updation in EPFO with the Standard Operating Procedure (SOP) provided....
Corporate Law : Explore the 2023 amendments to the PFRDA Retirement Adviser Regulations, enhancing compliance, qualification criteria, and advisor...
Corporate Law : Explore the implications of Pension Fund Regulatory and Development Authoritys (PFRDA) recent amendment regulations in 2023. Learn...
Learn the step-by-step procedure for employers to approve higher pensions under EPS 95 scheme. Understand the cutoff date, details to be uploaded, and the challenges involved. Ensure a smooth process and compliance with EPFO guidelines.
EPFO extends the last date for the Higher Pension Opting Scheme application till June 26, 2023. Eligible members who missed the earlier deadline can apply online, enhancing their pension benefits. Learn about the eligibility criteria and the process for a higher pension under the Employees Pension Scheme (EPS) calculation formula.
Increased contribution shall he applicable to basic wages, dearness allowance and retaining allowance to the extent such basic wages, dearness allowance and retaining allowance exceed fifteen thousand rupees per month.
The Supreme Court declared that members of the Employees’ Provident Fund Organization (EPFO) who are also members of the Employees’ Pension Scheme might contribute more to their pensions if certain conditions are met.
Pension Fund Regulatory and Development Authority Circular no: PFRDA 2023/08/SUP-CRA 04 Dated: 21st Feb 2023 To All stakeholders under NPS Subject: NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23) The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS/APY stakeholders. 2. CRAs have […]
PFRDA issued a notification introducing the Systematic Lump sum Withdrawal (SLW) for the benefit of National Pension System (NPS) Subscribers. The SLW process allows subscribers to withdraw a lump sum amount periodically until the age of 75. This notification provides details on the SLW facility, process flow, and its applicability to both Tier-I and Tier-II accounts.
Timeline for processing Partial Withdrawal requests has also been reduced to T+2 across all CRAs now. For instance, those partial withdrawal requests authorized on Monday till specified timelines shall be processed such that the Subscribers’ Bank Account is credited on Wednesday, considering those 3 days are settlement days.
It needs to be ensured that the name of the subscriber and Date of Birth (DoB) as per CRA records do match with the information available in Aadhaar.
PFRDA decided to allow intermediaries to use technological intervention by using VCIP as an added due diligence mechanism for verification of nominee/claimant/legal heir while processing withdrawal claims in case of death of NPS subscribers.
Explore the impact of the Supreme Court’s judgment dated 04.11.2022 on higher pension under EPS-95, with detailed illustrations of estimated revised pension and differential amount payable. Understand the background, key provisions, and implications of the decision for employees eligible for pension under the Employees’ Pension Scheme-1995 (EPS-1995) of the Employees’ Provident Fund Organization (EPFO).
