Beruflich Dokumente
Kultur Dokumente
Created by Government of India. Managed by PFRDA (Pension Fund Regulatory development Authority).
Benefits:
Additional tax benefits for an employee upto 10% of Basic + DA over and above all the other tax savings options.
Lowest cost pension plan in the world.
Benefit Illustration
Salary Head Basic Special allowance NPS contribution (Through the employer) Employers contribution to PF and Other allowances 4,64,000 8,00,000 1,00,000 2,36,000
Existing (Rs.)
After including NPS (Rs.)
2,40,000
96,000
2,40,000
72,000 24,000 4,64,000 8,00,000 1,00,000 2,12,000
7,200
Unbeatable Tax Savings Employee saves on taxes up to 10% of Basic in addition to 80 (c) tax savings Employer can claim tax deductions for the NPS contribution.
Allotment Table
Instrument Equity (Index Funds) Corporate Bonds Government Bonds Minimum 0 0 0 Maximum 50% 100% 100%
Applicable Charges:
Intermediary POP (Maximum permissible charge for each subscriber) CRA Charge Head Initial Subscriber registration and contribution upload Any subsequent transactions PRA Opening Charges Annual PRA Maintenance cost per account Charge per transaction Trustee Bank Per transaction emanating from RBI location Rs.100 25 bps (Rs.25 per Rs.10,000) Rs.50 Rs.225 Through cancellation of units Service Charge Method of Deduction To be collected upfront
Rs.15
.0075% p.a. for electronic segment and .05%p.a. for physical segment .0009% p.a.
Fee Illustration
Rs.60
Rs.0.54 Rs.435.54
One time charges: Permanent Retirement Account Number (PRAN) registration fee: Rs.50/ Initial subscriber registration POP charges: Rs.100/-
Withdrawal information
Vesting Criteria On attaining the retirement age Benefit Max 60% of the pension wealth may be withdrawn in lump sum or in a phased manner, between retirement age to next 10 years Min 40% of the pension wealth to be kept invested in life annuity At any time before the defined age of retirement Max 20% of the pension wealth may be withdrawn At least 80% of the pension wealth to be kept invested and annuitized at retirement Death due to any cause Nominee receives 100% of the pension wealth If nominee wishes to continue he / she shall have to subscribe to NPS individually
Convenient online enrollment and account maintenance process for employees Contributions fully managed online for employers Payroll deduction & one-cheque from employer for all employee contributions Statements and reports online for employee and employers anytime access on web and mobile Totally FREE for the employer
Our clients
Thank you
For more information please visit www.fundsindia.com/npsforcorporates
contact@fundsindia.com
044-43443100
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