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SUPERANNUATION CONTRIBUTIONS
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...
7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and moreThe Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fun...
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...
FinMin to meet chiefs of PSU banks on Fri to review credit flow to agri, MSME sectorsPublic sector banks posted record profits of Rs 1.98 lakh crore in the financial year ended March 2026. The finance ministry will meet bank...
HAL Chairman & Managing Director D K Sunil steps downHindustan Aeronautics Ltd. announced that Dr. D K Sunil has stepped down as Chairman and Managing Director upon his superannuation on April...
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Your retirement kitty is not tax-free in NPS, EPF and Superannuation funds: How outdated taxation is draining your savings, will Budget 2026 help?Indian retirement schemes are not fully tax-exempt as commonly believed.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...
The $100-a-week super habit that could save Aussie business owners from a $500,000 retirement shockA significant portion of Australia's self-employed individuals, nearly 45%, are not consistently contributing to their superannuation, rais...
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...
New Tax Regime 2025: Features, standard deduction, and key benefits explained
How to calculate lump sum under Unified Pension Scheme: Check formula, other details hereThe Unified Pension Scheme (UPS) for central government employees, commencing from April 1, 2025, ensures assured pensions, family pensions...
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...
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...
Do I need to include the withdrawn EPF proceeds in ITR after leaving the job?At the time of withdrawal, the PF authorities will deduct tax at 10% on entire PF proceeds (assuming you have furnished your PAN to the PF ...
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...
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 ...
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.
Budget 2016: 60% of withdrawal from EPF built via employee contributions after 1st April 2016 made taxablePrima facie, the Budget 2016 has proposed making 60% of employee contribution EPF corpus taxable for contributions after 1.4.2016.
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.
- 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...