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...
The National Pension Scheme (NPS) was introduced for salaried people in 2004 as an alternative to employee provident fund scheme to move from defined benefits system to defined contribution for retirement benefits. The scheme was extended to all the persons later on. Of late interest of people has grown substantially in NPS. Since subject of […]
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
