Fema / RBI : The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The ...
Income Tax : This guide breaks down the complete taxation of salary income in India—covering allowances, perquisites, retirement benefits, an...
Finance : A comprehensive overview of India's National Pension System (NPS), covering eligibility, account types, investment choices, tax be...
Income Tax : Learn how pensioners can file income tax returns effortlessly using TaxBuddy’s DIY platform. Step-by-step instructions tailored ...
Corporate Law : Learn about the Unified Pension Scheme (UPS) for Central Govt employees under NPS. Check eligibility, contribution details, assure...
Corporate Law : PFRDA introduced multiple NAVs to reflect different fee structures for government and non-government subscribers. The change ensur...
Income Tax : The issue revolved around concerns of exemption removal under the new tax regime. The Government clarified that the exemption cont...
Corporate Law : Authorities cautioned investors about entities promising monthly returns on deposits without regulatory approval, advising the pub...
Corporate Law : PFRDA has issued a public notice cautioning investors about an unregistered website and mobile app offering high-return schemes. T...
Corporate Law : A high-level committee has been formed to review and modernise the pension investment framework, focusing on diversification, risk...
Corporate Law : Madras High Court permits senior citizen to withdraw ₹2 lakh monthly from attached pension account, citing hardship, while tax a...
Corporate Law : Patna HC rules on joint option under EPF and Pension Scheme for higher pensions, citing Supreme Court precedents, impacting retire...
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...
Income Tax : Read the full text of the judgment by Punjab and Haryana High Court granting a refund of income tax on exempted disability pension...
Corporate Law : Accounts with no contributions for four consecutive quarters will be classified as dormant and charged reduced AMC. This lower fee...
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...
Corporate Law : EPFO streamlined the process for transferring pension contributions and nominee payments. The instructions aim to avoid procedural...
Corporate Law : PFRDA has introduced a revised IMF framework for pension funds effective 1 April 2026, maintaining separate slab-based rates for G...
Patna High Court held that petitioner is duly entitled for at least 5% Simple interest on delayed payment of pension and gratuity.
Common proposal for Exit from NPS and for buying annuity from ASP facilitates parallel processing of Lump sum component and Annuity due to which the time taken by ASPs while issuing Annuity Policies is significantly reduced which result in faster Subscriber servicing and timely Annuity issuance.
Timeline for processing Partial Withdrawal requests has also been reduced to T+2 across all CRAs now. For instance, those partial withdrawal requests authorized on Monday till specified timelines shall be processed such that the Subscribers’ Bank Account is credited on Wednesday, considering those 3 days are settlement days.
NPS/APY Subscribers permitted to withdraw from their Permanent Retirement Account Number (PRAN) as per applicable guidelines and provisions of regulations issued by PFRDA.
PFRDA introduce an advanced mode of Bank Acct Verification of Subscribers (PAN-PRAN- VPA(UPI)) with elegant features where the joint holder details, PAN and UPI Ids are verified through NPCI and matched with Permanent Retirement Acct Number (PRAN).
It needs to be ensured that the name of the subscriber and Date of Birth (DoB) as per CRA records do match with the information available in Aadhaar.
The circular also provided for the option of submission of the partial withdrawal requests by the subscribers through their nodal office/POPs as per the prevalent practice.
Department is pleased to inform that last date for submission of applications has been extended by 30 days from date of this advertisement.
Explore the impact of the Supreme Court’s judgment dated 04.11.2022 on higher pension under EPS-95, with detailed illustrations of estimated revised pension and differential amount payable. Understand the background, key provisions, and implications of the decision for employees eligible for pension under the Employees’ Pension Scheme-1995 (EPS-1995) of the Employees’ Provident Fund Organization (EPFO).
PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account.
