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SUPERANNUATED SUBSCRIBERS
Will UPS subscriber or spouse have to pay income tax on withdrawals or family pension?The Department of Financial Services clarifies the tax implications of the UPS scheme, including family pensions, partial withdrawals, and ...
Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Act, 1961FM Nirmala Sitharaman introduced the Taxation Law (Amendment) Bill, 2025, in Lok Sabha, aiming to align the tax treatment of the Unified Pe...
Unified Pension Scheme: PFRDA notifies UPS new rules, applicable from April 1, 2025 ; Check eligibility, contribution, retiral benefits & moreThe PFRDA has introduced the Unified Pension Scheme (UPS) for central government employees, effective April 1, 2025. It offers a guaranteed...
ESIC to extend medical benefits to superannuated subscribers who retired at higher wagesIn its 193rd meeting, under the chairmanship of labour and employment minister Bhupender Yadav, it was decided that superannuated or volunt...
NPS withdrawal rule change: Soon opt for phased withdrawal using Systematic Lumpsum Withdrawal facilityThe Pension Fund Regulatory and Development Authority (PFRDA) proposed to provide the option of phased withdrawal of the lump sum through S...
Timeline to get NPS partial withdrawal money reduced to 2 days after authorisationNow, the processing time for partial withdrawal requests has also been decreased to T+2 across all CRAs, according to a PFRDA circular issu...
NPS exit: Documents required to be submitted along with NPS withdrawal formsCRA would file your claim and send you the required application form, along with instructions on how to proceed and the paperwork you need ...
Govt, corporate NPS subscribers can continue with existing investment after resignation or retirementThere have been cases where subscribers in the Corporate and Government sectors have left their jobs due to retirement or resignation witho...
How to withdraw from NPS: 8 important FAQsHere are important FAQs related withdrawal process, according to the NPS website.
These NPS investors can exit from scheme after 5 years lock-in period onlyAs per the new regulation inserted in the NPS scheme, certain individuals can close their Tier-I NPS account after they have completed five...
Govt readies pension law revampThe bill — which was being discussed by a committee of secretaries for several months — will also delink the National Pension System Trust ...
Funds transferred from PF to NPS not taxable: PFRDA"The amount so transferred from recognised Provident Fund/Superannuation Fund to NPS is not treated as income of the current year and hence...
How to move funds from EPF to NPSTo make the transfer, a request must be made to the recognized employee provident fund or superannuation fund to his NPS account.
PFRDA lists norms to protect pensioners' NAV from market turmoilPension funds invest contribution of subscribers in the National Pension System as per the guidelines prescribed by regulator PFRDA.
EPFO mulls changes in scheme to curb pre-mature PF withdrawalsEPFO plans to hold about 10% of subscriber money till they turn 50 for discouraging premature withdrawal of entire amount in PF account bef...
Pension Fund Regulatory and Development Authority to bring all exempt pension funds under its ambitThe Pension Fund Regulatory and Development Authority (PFRDA) has already sought details from all trusts that operate such funds.
- Regulator pitches for tax relief on New Pension Scheme to make it attractive
The interim pension regulator has sought tax relief on investments in the New Pension Scheme (NPS) to make it more attractive to employees ...