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SUPERANNUATION CONTRIBUTION LIMIT
EPS 2026 brings new rules, but has the Rs 1,000 minimum pension changed?The government has introduced the Employees' Pension Scheme (EPS), 2026, replacing older schemes. The calculation formula for pensions also...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
8th Pay Commission demands for pensioners: One rank one pension, gratuity up to Rs 75 lakh; 10 things key employee body has demandedCentral government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay Commission. Demands include a same...
Your retirement kitty is not tax-free in NPS, EPF and Superannuation funds: How outdated taxation is draining your savings, will Budget 2026 help?Indian retirement schemes are not fully tax-exempt as commonly believed. Contribution and growth limits mean many salaried individuals face...
How to report tax-exempt incomes in ITR-1An individual taxpayer is required to report all his incomes that are taxable as well as tax-exempt incomes in his/her income tax return. H...
When does EPF withdrawal become taxable?Though the biggest USP of the Employees' Provident Fund is its EEE tax status, however, there are certain instances when EPF can become tax...
Tax on EPF, NPS, Superannuation fund: Here's all you need to know about itEmployer contributions to retirement funds such as Employees Provident Fund (EPF), National Pension System (NPS), or any other superannuati...
Investment in NPS via this route can help you save tax in new tax regimeInvestment in Tier-I account of NPS via your employer allows you to claim a deduction from your gross total income under the Income-tax Act...
Income tax benefits on EPF contributions: New vs existing tax regimeIn the new tax regime, the tax benefit available on employee's own contribution to EPF account is impacted.
Budget 2020 may tax employer's excess contribution to EPF, NPS twiceThe budget proposal was made to restrict the tax-exempt contribution by employer to EPF, NPS and superannuation fund to Rs 7.5 lakh in an F...
Tax-exempt employer contribution to PF, NPS capped: Why high earners should opt for VPF, NPSTill now, individuals with high basic salary could have the employer contribute up to 22% of the basic towards PF and NPS (12% and 10% ) an...
Employer’s contribution to PF over Rs. 7.5 lakh set to be taxedThe provision will lead to higher tax liability on both the employee and the employer, a senior government official told ET. Another offici...
Employer's contribution to EPF, NPS over Rs 7.5 lakh proposed to be taxedThe employer's contribution over Rs 7.5 lakh in a fiscal to retirement funds is proposed to be made taxable.
Employers' total contribution towards employee social security funds capped at Rs 7.5 lakh annuallyConsequently, the documents further said it is also proposed that any annual accretion by way of interest, dividend or any other amount of ...
CPSEs without independent directors shouldn't get performance related pay: PanelThe committee has said that the overall profit distribution should be linked to 5 per cent of the annual profit accruing from core business...
Budget 2016: 60% of EPF deposits to be taxed on withdrawal after April 1At present, social security schemes run by retirement fund body EPFO are tax free EEE scheme under which deposits, accrual of interest and ...
Budget 2016: Withdrawal from NPS on maturity made tax-free upto 40%In Budget 2016, the finance minister has made withdrawals from NPS on maturity tax free upto 40% of the total corpus accumulated.
Budget 2016: Tax exemption raised to Rs 1.5 lakh under superannuation fund"Exemption limit is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh for annual contribution by an employer to a superannuation fund.
- Govt likely to exempt PSBs from FBT on pension funds
The government is examining a proposal to exempt public sector banks from fringe benefit tax (FBT) on their contribution to statutory pensi...