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...
Fema / RBI : RBI clarifies pension payment rules: joint accounts, life certificates, delayed payments, and withdrawal procedures for incapacita...
Finance : Compare UPS, NPS, and OPS pension schemes. Understand their features, benefits, drawbacks, and eligibility criteria to choose the ...
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...
Corporate Law : Ministry of Finance confirms tax benefits available under NPS will apply to the Unified Pension Scheme (UPS), providing parity and...
Corporate Law : The National Pension System (NPS) offers flexible, low-cost pension options with digital accessibility, aiming to expand coverage ...
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 : The regulator revised PoP charges for NPS schemes, introducing quarterly AUM-based fees with an optional ₹200 first-year flat ch...
Corporate Law : The regulator upheld the merger of Scheme A with larger asset classes citing its small corpus and concentration risk. The move imp...
Finance : The 2025 amendments revise exit, withdrawal, and annuity norms across NPS categories. Clear thresholds and deferment options up to...
Corporate Law : DoPPW mandates both parents receiving enhanced family pension under CCS (EOP) Rules to submit annual life certificates. This preve...
Corporate Law : PFRDA introduces new guidelines and a revised form for NPS subscriber onboarding. Learn about the updated digital and physical reg...
It is clarified that dearness relief is payable on the original basic pension before commutation or such basic pension before commutation as revised on implementation of recommendations of Pay Commission etc. and not on the pension as reduced after deduction of commuted pension.
What amount shall be deducted from pension in cases where the pension is subsequently revised on implementation of recommendations of Pay Commission, etc.
whether deduction towards commutation are required to be made from family pension for the remaining period in cases where the pensioner dies before the restoration of commuted pension.
No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under National Pension System in respect to Central Government employees covered under NPS. […]
Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker
Pension Fund Regulatory and Development Authority Circular no.: PFRDA/2022/20/SUP-TB/1 | Dated: 11th Aug, 2022 To, All the NPS stakeholders Subject: Voluntary Contributions under D Remit enabled through UPI In continuation of our Circular no. PFRDA/2020/44/SUP-CRA/17 dt 01.10.2020 and Circular no. PFRDA/2021/6/SUP-CRA/5 dt 10.03.2021 vide which the features of ‘D-Remit’ and ‘Enablement of IMPS mode of contribution […]
Central Government NPS Subscribers can choose any one of the available PFs and Investment Option as per their choice among the following: A. Active Choice – 100% Allocation into Government Securities B. Conservative Auto Choice – 25% Allocation in Equity Asset Class C. Moderate Auto Choice – 50% Allocation in Equity Asset Class
Regulatory Sandbox (RS) nurtures responsible innovation in Financial/Pension/Retirement Planning services to promote efficiency, which eventually benefits the investors, Subscribers, consumers and users.
Pension Fund Regulatory and Development Authority (PFRDA) hereby reconstitutes Pension Advisory Committee constituted earlier vide Gazette Notification dated 16th September, 2020 with effect from 19th May, 2022. PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 19th May, 2022 F. No. PFRDA/17/RES/25.—In exercise of the powers conferred by sub-section (1) of section 45 of […]
The paper observes that India’s pension-sector (NPS plus APY), provides a flexible mode of oldage income-security not only for salaried employees but also to the common person. In the recent 5-years, 2017-18 to 2021-22, subscriber numbers have multiplied over three-fold led by APY
