Fema / RBI : Discover top investment options and tax-saving schemes for NRIs returning to India, including FDs, NPS, equity, real estate, mutua...
Income Tax : Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, re...
Corporate Law : Explore the evolution of pension schemes in India, from the traditional old pension scheme to the modern New Pension Scheme (NPS)....
Income Tax : Explore the best tax-saving investment options in India, including PPF, NPS, ULIPs, ELSS, and Tax Saving Fixed Deposits. Learn how...
Income Tax : Discover tax treatment of retirement benefits in India, including gratuity, pensions, leave encashment, and provident funds. Under...
Corporate Law : Explore the proposed Risk Management Framework for Central Recordkeeping Agencies (CRAs) under NPS architecture. Provide feedback ...
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 : Important updates on NPS-Lite-Swavalamban Scheme for subscribers. Learn about contributions, migration, updates and more on your p...
Corporate Law : Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker ...
Corporate Law : Introduction of Systematic Lump sum Withdrawal (SLW) for the benefit of NPS Subscribers and facilitate them with smart withdrawal...
Corporate Law : Explore PFRDA Circular No. PFRDA/2024/13/SUP-CRA/07 on same-day investment for NPS contributions effective from 1st July 2024. Und...
Corporate Law : Explore the latest updates from CRAs under PFRDA for NPS/APY functionalities in FY 2023-24. Learn about new features, benefits, an...
Corporate Law : Explore the latest PFRDA Circular (No: PFRDA/2023/35/Sup-CRA/11) enabling NPS subscribers to conveniently contribute via personali...
Corporate Law : Discover the PFRDA latest circular on Systematic Lump Sum Withdrawal (SLW) for NPS Subscribers. Learn about phased lump sum withdr...
Corporate Law : Explore the PFRDA Circular on mandatory penny drop verification for NPS withdrawals and bank account updates, ensuring subscriber ...
CBDT notified vide Notification No. 45/2020-Income Tax dated 07th July, 2020 that Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS. Benefit is notified under Section 80C (2) (xxv) Income-tax Act, 1961 (43 of 1961) raad with National Pension Scheme (NPS) Tier II-Tax Saver Scheme, […]
All about NPS (National Pension Scheme) of Section 80CCD(1B) of the Income Tax Act, 1961 With this article, I am going to answer a few questions which come in your mind before making a proactive investment in NPS (National Pension Scheme) along with the deduction under section 80CCD(1B). Q 1. What does Section 80CCD talk […]
NPS withdrawals including partial withdrawal are allowed as defined under NPS exit regulations. NPS Subscribers who intend to withdraw are required to submit the duly filled-up withdrawal forms along with the Supporting documents to the associated Nodal officers/ Points of Presence (POP) for processing their request.
NPS is entitled to get additional tax benefit up to Rs.50,000 in a financial year u/s 80CCD (IB) of Income Tax Act which is over and above the deduction of Rs. 1,50,000 available u/s 80C /80CCE of Income Tax Act. Earlier the tax-free withdrawal on retirement were allowed up to 40% of corpus, which has been increased to 60%.
As we know that employers use to contribute to the retirement benefit schemes of employees to enable them to maintain a quality life after retirement. Generally these contribution by employer can be in any one or in combination of following three forms: 1. Contribution to PF (Provident Fund) of the employees (Recognised PF, Unrecognised PF […]
It seems that the government is not happy for people earning more and the raise of salary they get after many years of hard-working. If people want to have a very good quality of retirement and improvised lifestyle in retirement is that act of Fraud. We financial advisor advice investor to have financial planning and […]
Budget 2020: Rationalization of tax treatment of employer’s contribution to recognized provident funds (RPFs), superannuation funds and national pension scheme (NPS). Under the existing provisions of the Act, the contribution by the employer to the account of an employee in a recognized provident fund exceeding twelve per cent. of salary is taxable. Further, the amount […]
PFRDA issued valuation guidelines in April, 2012 for valuation of securities for NPS Schemes under PFRDA (Preparation of Financial Statements and Auditors Report of Schemes under National Pension System) Guidelines-2012.
Change in Investment Guidelines for NPS Schemes — permitting Pension Funds to invest in Overnight Funds and all such short duration funds as may be permitted by SEBI from time to time
Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October 2019.
