Income Tax : The issue is understanding complex NPS rules, tax benefits, and recent updates. The framework clarifies withdrawal flexibility, ta...
Corporate Law : The case highlights NPS as one of the few deductions available in the new tax regime. Employer contributions remain fully deductib...
Income Tax : Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces taxable income...
Corporate Law : The 2025 amendments scrap key lock-ins and vesting conditions, allowing earlier and more flexible exits. The ruling links withdraw...
Income Tax : Learn about the tax treatment of key retirement benefits in India, including gratuity, pension, leave encashment, provident fund, ...
Corporate Law : Draft rules seek to bring petrol, gas, and hydrogen dispensers under approved testing centres. The key takeaway is enhanced regula...
Corporate Law : The Finance Ministry approved the extension of LC75 and Balanced Life Cycle (BLC) investment options to Central Government NPS/UPS...
Corporate Law : PFRDA consults on adopting dual valuation (Accrual/MTM) for Government Securities in NPS/APY schemes to stabilize NAV, reduce inte...
Finance : PFRDA rationalizes NPS Auto Choice and Life Cycle Fund names to align with actual equity and risk profiles. Funds are now Common S...
Corporate Law : PFRDA releases an exposure draft proposing amendments to NPS regulations, focusing on increased flexibility for exits, withdrawals...
Corporate Law : The authority clarified AMC alignment between Tier I and Tier II accounts to ensure uniformity. It also exempted low-balance accou...
Corporate Law : The issue involved enhancing the existing NPS Swasthya scheme. The circular introduces PoC 2 with revised features to improve flex...
Corporate Law : Revised guidelines require Points of Presence to compensate subscribers for service delays or operational failures without waiting...
Corporate Law : PFRDA clarified that the NPS Vatsalya Scheme Guidelines 2025 take effect from 23 February 2026. The circular also directs stakehol...
Corporate Law : The regulator notified comprehensive 2025 guidelines to govern NPS Vatsalya, detailing eligibility, contributions, investments, an...
A large number of Government Sector nodal offices have provided a positive feedback and have made several constructive suggestions. An endeavor has been made by PFRDA to incorporate those suggestions to the extent possible in the interest of Subscribers.
Once KYC Identifier is generated by CKYCR, PoPs shall ensure that the same is communicated in writing and in confidential manner to the subscribers in accordance with Rule 9 (1B) of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 as amended;
Under National Pension System (NPS), the Subscribers are allowed to exit as per PFRDA (Exit and Withdrawal) Regulations. Exit regulations of PFRDA mandates for the utilization of the specified amount of accumulated corpus to purchase immediate Annuity to be provided by Annuity Service Providers (ASP) which are empaneled with PFRDA. ASPs are Life Insurance Companies which are regulated by Insurance Regulatory and Development Authority of India (IRDAI).
Growing Subscribers’ base, geographically wide spread service providers and the large-scale adoption of digital interventions necessitate the importance of verifying the beneficiary’s bank account number of the Subscribers independently not only to ensure that the amount is received by the rightful beneficiary whose Bank Account is active but also to ensure that amount is remitted within in the specified timelines.
Discover the benefits of the National Pension System (NPS) for regular income post-retirement. Learn about the low-cost structure, tax efficiency, and flexibility of investment.
Method for computation of Perquisite Value as referred in section 17(2)(viia) of Income Tax Act, 1961 (the Act) in respect of annual accretion to the balance of recognised provident Fund (RPF), Approved Superannuation Fund and National Pension scheme (NPS). Finance Act 2020 had amended the provisions of section 17(2) of the Act and substituted sub-clauses […]
In order to overcome the challenges of physical handling of Subscriber application forms and for addressing the concerns expressed by various stake holders in dispatch of those forms from geographically diverse locations to CRAs, PFRDA has already made available suitable digital enablers for seamless interaction of POPs and CRAs, for the convenience of Subscribers.
Covid induced hardships continue unabated and in order to alleviate the difficulties being faced by the Subscribers in submitting physical applications for exit/withdrawal and the logistical challenges faced by POPs in collecting those applications to process and dispatch the same to CRA, it has been decided to relax the process of handling withdrawal applications by POPs in in the interest of Subscribers.
Central Record Keeping Agencies (CRAs) have been appointed by PFRDA to provide system level functionalities as per the evolving needs of NPS stakeholders in accordance with Sec 21 of PFRDA Act 2013.
Articled explains about Public Provident Fund (PPF) and National Pension Scheme (NPS) stating Key Features, Who can invest in PPF & NPS, Maturity period, Investment limit, Tax benefits, Premature /Partial withdrawal, Mode of Investment, Returns and Risk. Key Features Public Provident Fund (PPF) National Pension Scheme (NPS) Who can invest? Any Indian resident (except HUF […]
