The National Pension Scheme is a Defined Contribution Scheme that was set up in 2004 for all Government Employees and was open to the general public in May 2009. It is a social security benefit to create a retirement corpus to meet post retirement income needs, initiated by the Government of India in association with the Pension Regulatory Development Authority.
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
The PFRDA (Pension Fund Regulatory and Development Authority) governs the National Pension System (NPS), which is a retirement pension programme established by the Government of India to provide subscribers with a regular income after retirement. NPS also helps you in getting Tax benefits in 2021.
It may be a smart choice for you because of the low minimum commitment and higher returns for retirement planning.
How to file form-1 (equalization levy) on new income-tax portal?Ankitasahu60
On or before the 30th of June immediately following the financial year, the statement in Form No.1 in respect of all the specified services chargeable to the equalization levy must be given.
The equalization levy would be 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment ('PE') in India, from an Indian resident carrying on business or profession, or from a non-resident having a permanent establishment in India.
In Personal Services we have 4 services – Digital Signature Certificate, Director Identification Number, E-filings, ITR Filings. We serve in filing Income Tax Returns for Individuals and Companies, along with providing DSC and DIN. Get the complete information and process about Personal Services.
National Pension System- NPS FOR CORPORATESFundsIndia
This is a detailed presentation on NPS for corporates and also employees of private organisations.
FundsIndia is a leading consultant for NPS. We help individuals and corporates open and manage their NPS accounts.
Till date more than 4000 individuals and 15 corporates have opened NPS account leveraging our indepth knowledge in the field of National Pension System ( NPS ).
Do mail us at nps@fundsindia.com if you are interested in opening a National Pension System ( NPS ) either for your company or employees.
Pensions Act 2014: all you need to knowIus Laboris
Georgina Jones from our UK member Sackers has written this in-depth article on the Pensions Act 2014 in the August edition of PMI Technical News.
Though somewhat overshadowed by this year’s attention-grabbing Budget, the Pensions Act 2014 is a key piece of legislation. Not only does it introduce a new type of state pension and, as a consequence, sweep away contracting-out on a defined benefit basis, but it also contains several important measures for occupational pension schemes.
National pension scheme a noble step to provide pensionMoney Investor
National Pension Scheme (NPS) is a contributory pension scheme. It was launched in January
2004 for government employees (except Armed Forces). However, in May 2009, it was opened
to all Citizens of India.
NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings
account. NPS will help you to in building retirement corpus in tax efficient way. This presentation gives your fair details about NPS. Any Indian citizen having age between 18 to 70 can open NPS account.
The PFRDA (Pension Fund Regulatory and Development Authority) governs the National Pension System (NPS), which is a retirement pension programme established by the Government of India to provide subscribers with a regular income after retirement. NPS also helps you in getting Tax benefits in 2021.
It may be a smart choice for you because of the low minimum commitment and higher returns for retirement planning.
How to file form-1 (equalization levy) on new income-tax portal?Ankitasahu60
On or before the 30th of June immediately following the financial year, the statement in Form No.1 in respect of all the specified services chargeable to the equalization levy must be given.
The equalization levy would be 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment ('PE') in India, from an Indian resident carrying on business or profession, or from a non-resident having a permanent establishment in India.
In Personal Services we have 4 services – Digital Signature Certificate, Director Identification Number, E-filings, ITR Filings. We serve in filing Income Tax Returns for Individuals and Companies, along with providing DSC and DIN. Get the complete information and process about Personal Services.
National Pension System- NPS FOR CORPORATESFundsIndia
This is a detailed presentation on NPS for corporates and also employees of private organisations.
FundsIndia is a leading consultant for NPS. We help individuals and corporates open and manage their NPS accounts.
Till date more than 4000 individuals and 15 corporates have opened NPS account leveraging our indepth knowledge in the field of National Pension System ( NPS ).
Do mail us at nps@fundsindia.com if you are interested in opening a National Pension System ( NPS ) either for your company or employees.
Pensions Act 2014: all you need to knowIus Laboris
Georgina Jones from our UK member Sackers has written this in-depth article on the Pensions Act 2014 in the August edition of PMI Technical News.
Though somewhat overshadowed by this year’s attention-grabbing Budget, the Pensions Act 2014 is a key piece of legislation. Not only does it introduce a new type of state pension and, as a consequence, sweep away contracting-out on a defined benefit basis, but it also contains several important measures for occupational pension schemes.
National pension scheme a noble step to provide pensionMoney Investor
National Pension Scheme (NPS) is a contributory pension scheme. It was launched in January
2004 for government employees (except Armed Forces). However, in May 2009, it was opened
to all Citizens of India.
NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings
account. NPS will help you to in building retirement corpus in tax efficient way. This presentation gives your fair details about NPS. Any Indian citizen having age between 18 to 70 can open NPS account.
The National Pension Scheme (NPS) is an excellent instrument when it comes to investing for your future and tax saving for your present. For a detailed and in depth knowledge on how NPS can be a good option for you, view this presentation.
Planning for retirement is akin to nurturing a sapling. It takes considerable time for the seedling to morph into a tree and for you to reap its many benefits. The National Pension System (NPS) is a retirement-specific investment plan that gives your regular pension in your retirement years. What's more, you can also reduce your tax liabilities with NPS investments.
Computation Under Social Security Laws.pptxYogesh Aher
Employees Provident Fund & Miscellaneous Provisions Act, 1952, Contribution, Breakup of EPF Contribution, Online procedure for opening of PF account and required documents, ESI Act 1948, Contribution, ESI Benefits, Calculations for payment of compensation,
Automatic Enrolment functionality has been elegantly integrated into Qtac. Setting up your pension scheme, enrolling employees, issuing communication, making contributions and viewing reports – it's all seamless and simple.
Employees need to be automatically enrolled if they:
Are aged between 22 and State Pension Age
Earn more than £10,000 a year (2014/15 limit)
Work in the UK
If a company does not have a qualifying pension scheme then it must introduce one. If the employer doesn’t currently make a contribution to the pension, they will have to by law when they ‘automatically enrol’ entitled workers.
Your clients are responsible for ensuring they have a compliant pension scheme in place and that the correct employees and employers contributions are paid into the scheme.
What’s the reason for auto enrolment? The average life span has increased and people are living a lot longer. These changes to pensions are because the current state pension will just not be sufficient when retiring and therefore trying to encourage people to save for retirement.
Jobholders
Eligible jobholder
The employer must
automatically enrol and make contributions
if using postponement, provide a notification to the eligible jobholder
process any opt-out notice
automatically re-enrol approximately every three years
keep records of the automatic enrolment process
Non-eligible jobholder
The employer must
arrange pension scheme membership if the non-eligible jobholder decides to opt-in, and also make contributions
provide information about the right to opt-in, unless using postponement
if using postponement, the employer must provide a notification to the non-eligible jobholder & keep records of the enrolment process
Entitled worker
The employer must:
arrange pension scheme membership if the entitled worker decides to join
provide information about the right to join, unless using postponement
if using postponement, provide a notification to the entitled worker
keep records of the joining process
A clients choice of automatic enrolment pension scheme could have an impact on the payroll processing time and costs involved.
Some of your clients may have an existing scheme, in this scenario they should ascertain with their pension provider whether it meets automatic enrolment requirements and is therefore classed as a qualifying scheme.
NPS for NRIs - Attractive Schemes available from all leading Indian Banks. Organised by Pension Fund Regulatory and Development Authority. Save Right - Retire Bright. Check your Eligibility, Registration Process and withdrawal methods.
Having secured a job, an individual aspires for a better life, a comfortable home, health care, and a pension to take them easily through retirement blues. Key to lead the life out of retirement blues is pension planning for which the savings through Employees’ Provident Funds are important.
Similar to National pension Scheme Dilshad Billimoria CFP Dilzer Consultants (20)
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Sustainability: Balancing the Environment, Equity & Economy
National pension Scheme Dilshad Billimoria CFP Dilzer Consultants
1. National Pension Scheme
The National Pension System (NPS) [1] is a defined contribution based pension system launched by
Government of India with effect from 1 January 2004. Like most other developing countries, India does
not have a universal social security system to protect the elderly against economic deprivation. As a first
step towards instituting pension reforms, Government of India moved from a defined benefit pension to
a defined contribution based pension system
• Tier-I account : This NPS account does not allow premature withdrawal and is available from 1 May
2009. In Tier I funds cannot be withdrawn before attaining 60 years. Maximum 60% can be withdrawn.
40% of the total balance available at the end of contribution year will have to be annuitized.
• Tier-II account : The tier-II NPS account permits withdrawal. Since 1 April 2008, the pension
contributions of Central Government employees covered by the National Pension System (NPS) are being
invested by professional Pension Fund Managers in line with investment guidelines of Government
applicable to non-Government Provident Funds. A majority of State Governments have also shifted to
the defined contribution based National Pension System from varying dates. 27 State/UT Governments
have notified the NPS for their new employees. No tax benefit in Tier 2 account.
2. Benefits of NPS
It is basically for people who do not have the benefit of pension after retirement from service. The
scheme gives an opportunity to the subscriber to build up his pension fund over a long period so that
after retirement he can draw pension for his sustenance.
Some of the benefits of the National Pension System (NPS) are:
• It is transparent - NPS is transparent and cost effective system wherein the pension contributions are
invested in the pension fund schemes and the employee will be able to know the value of the
investment on day to day basis.
• It is simple - All the subscriber has to do, is to open an account with his/her nodal office and get a
Permanent Retirement Account Number (PRAN).
• It is portable - Each employee is identified by a unique number and has a separate PRAN which is
portable i.e., will remain same even if an employee gets transferred to any other office.
•
Online Access with IPIN log in details. View of Pension fund managers.
3. Agencies
The various agencies in the scheme as under:
1. PFRDA( Controlling Body)
2. Bank of India( Trustee Bank)
3. NSDL( Central Recordkeeping Agency)
4. CRA- FC ( viz. KARVY)
5. POP( State Bank)
6. POP-SP( Branches)
Is Nomination facility available?
Yes and unlike in Bank’s account nominations can be made in favour of 3 persons.
How can funds be contributed?
Through Cash or Cheque. However credit to account in case of cheque can only be made available on
realization of the Cheque.
What is PRAN?
Permanent Retirement Account Number which will be given to the subscriber on opening the Tier I
account and which must be quoted in every transaction just like in case of bank account. As on 14th
August, 2013, the number of subscribers under NPS is 52.83 Lakh with a corpus of Rs. 34,965 crore.
4. • Withdrawals will be permitted from the individual pension account subject to the conditions, such as,
purpose, frequency and limits, as may be specified by the regulations.
• At least one of the pension fund managers shall be from the public sector.
Corporate benefit for employees: The employer can contribute 10%
of an employees salary towards NPS and the entire amount is tax
deductible under Sec 80CCD (2) without any monetary limit. In
addition, the employee, can claim tax benefit under Sec 80CCC (1)
upto a limit of Rs 1,00,000.
5. Investment Choice for Asset Allocation
The Corporate as well as Subscriber can have any of the two choices for their asset allocation:
Active Choice: Corporate/ Subscriber as the case may be will have the option to actively decide as to
how your NPS pension wealth is to be invested across Asset class E (upto 50%), Asset Class C & Asset
Class G.
OR
Auto Choice: In this option, the investments will be made in a life-cycle fund. Here, the fraction of funds
invested across three asset classes will be determined by a pre-defined portfolio (which would change as
per age of subscriber). Table for Life cycle fund is given below
NOTE:
Asset Class E - Investment in predominantly
equity market instrument. Index based only.
Asset Class C - Investment in fixed income instruments
other than Government Securities
Asset Class G - Investment in Government Securities.
6.
7. Annuity options on vesting.
The subscriber can purchase an annuity from any one of the PFRDA empanelled annuity service providers
as per his choice or selection of the annuity type. Currently, the Indian life insurers who act as Annuity
Service Providers provide the following type of annuities in India:
• Pension(Annuity) payable for life at a uniform rate to the annuitant only.
• Pension (Annuity) payable for 5, 10, 15 or 20 years certain and thereafter
as long as you is alive.
• Pension (Annuity) for life with return of purchase price on death of the
annuitant (Policyholder).
• Pension (Annuity) payable for life increasing at a simple rate of 3% p.a.
• Pension (Annuity) for life with a provision of 50% of the annuity payable to spouse
during his/her lifetime on death of the annuitant.
• Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse
during his/her lifetime on death of the annuitant.
• Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse
during his/her lifetime on death of the annuitant and with return of purchase price on
death of the spouse to nominee.
8. Charges
All the charges associated to Tier I account including Annual PRA Maintenance charge are paid by the
employer. In case of Tier II account, activation charge and transaction charges are paid by the subscriber.
The POP charges and the CRA charges are given in the table below: