Fema / RBI : The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The ...
Finance : An overview of the NPS Tier I/II accounts, fund choices, eligibility, and withdrawal rules. Covers the 40% mandatory annuity purch...
Corporate Law : Learn about the Unified Pension Scheme (UPS) for Central Govt employees under NPS. Check eligibility, contribution details, assure...
CA, CS, CMA : Deduction under Section 80CCD(2) is allowed in the 115BAC regime for employer NPS contributions, with limits based on type of empl...
Finance : Compare UPS, NPS, and OPS pension schemes. Understand their features, benefits, drawbacks, and eligibility criteria to choose the ...
Corporate Law : PFRDA has issued a public notice cautioning investors about an unregistered website and mobile app offering high-return schemes. T...
Corporate Law : The guidelines prescribe a structured process for sponsor selection and pension fund registration. The key takeaway is that only f...
Corporate Law : Regulators have opened the door for banks to independently set up pension funds under strict eligibility norms. The move is aimed ...
Corporate Law : PFRDA consults on adopting dual valuation (Accrual/MTM) for Government Securities in NPS/APY schemes to stabilize NAV, reduce inte...
Corporate Law : PFRDA releases an exposure draft proposing amendments to NPS regulations, focusing on increased flexibility for exits, withdrawals...
Income Tax : ITAT Ahmedabad held that PFRDA Act, 2013 doesn’t prescribed any due date for payment of employee’s contribution to National Pe...
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 : PFRDA has introduced NPS Sanchay as a simplified National Pension System variant aimed at expanding pension coverage for India’s...
Corporate Law : The government clarified that employees under the Unified Pension Scheme are eligible for Fixed Medical Allowance. The key takeawa...
Corporate Law : The circular allows PoPs to engage new categories like professionals, fintechs, and rural agents as Pension Agents. The key takeaw...
Finance : PFRDA has revised the charge structure for Points of Presence under NPS schemes, introducing onboarding and AUM-based annual charg...
Corporate Law : The regulator has introduced new operational guidelines for PoPs handling NPS-Lite to enhance accountability, service standards, a...
Stakeholders and public can provide feedback on draft Unified Pension Scheme Regulations, 2025, under NPS for Central Government employees. Submit by February 17, 2025.
Compare UPS, NPS, and OPS pension schemes. Understand their features, benefits, drawbacks, and eligibility criteria to choose the right plan for your retirement.
Unified Pension Scheme under NPS offers assured payouts to Central Government employees, effective April 1, 2025, with flexible contributions and family benefits.
This article explores the NPS tax benefits, its features, and how it compares to other popular tax-saving instruments. Additionally, we’ll guide you on how to open an NPS account so you can make an informed decision.
Govt clarifies that a daughter’s name cannot be deleted from a pensioner’s family record, with eligibility for family pension decided as per rules after pensioner’s demise.
The Department of Pension announces a Dearness Relief hike to 53% for Central Govt pensioners and family pensioners, effective July 1, 2024.
PFRDA Circular mandates that annuity cancellations for NPS subscribers can only occur during the free look period, effective immediately.
Bhavishya Portal is mandatory for pension processing, ensuring timely and transparent management of pension cases for Central Civil Pensioners since 2017.
ITAT Ahmedabad held that PFRDA Act, 2013 doesn’t prescribed any due date for payment of employee’s contribution to National Pension Scheme (NPS). Thus, since payment is made before filing return u/s. 139(1), the same is allowable u/s. 43B(b) of the Income Tax Act.
New guidelines for pension revisions emphasize no disadvantage to pensioners, with specific rules on clerical errors and excess payments.
