'NPS- Corporate Model'

'NPS- Corporate Model,' an initiative by Govt. Of India is the lowest cost wealth creation tool in which both Individual & Corporate can contribute and avail tax benefits under Section 80CCE, 80CCD (1B), 80CCD(2) and 36(1) iv (a) of Income Tax Act, 1961. This makes it a win-win proposition for both. There are about 5.9 Lakh Corporate NPS Subscribers (as on 25th Feb 2017) availing the benefits.

 
Corporate Tax Benefits

Corporate (employer) can co-contribute to their employees' NPS account and avail 'Corporate Tax Benefits' under Section 36(1) iv (a) of Income Tax Act, 1961. Contribution up to 10% of Basic + DA of employees' salary can be shown as the business expense and tax deduction can be claimed.

 
Following are the variations through which you can make the NPS contribution.
  • Equal contributions by employer and employee

  • Unequal contribution by employer and employee

  • Contribution from either the employer or employee

  • A corporate subscriber can also voluntarily contribute in through a POP.

 
Employees Tax Benefits Under Corporate Sector
  • Under NPS, Tax deduction can be claimed up to 10% of salary (basic+DA) subject to overall ceiling of Rs. 1.50 lakh u/s 80CCE of Income Tax Act.1961

  • Exclusive additional Tax deduction benefit of Rs 50000/- u/s 80CCD (1B) over and above sec 80 CCE of Income Tax Act 1961.

  • Under 80CCD(2) of Income Tax Act, the employer's NPS contribution (towards the employee) Up to 10% of salary (Basic+ DA), without any monetary limit is also deductible from taxable income in addition to above-mentioned benefits.

 
About Our Services

We are awarded as UTI MF-CNBC TV18 Best Performing National Financial Advisor-Retail for the 4th Time.

 

We execute the Individual as well as Corporate NPS Model for organizations. We provide end-to-end solutions right from Corporate NPS account registration to any service required concerning the NPS.

 
Our Services Include:
  • Corporate Registration

  • Individual Subscriber Registration for all the employees

  • Regular subscriber’s contribution processing

  • Change is subscriber details/investment scheme/fund manager

  • Processing of withdrawal request/subscriber shifting

  • Issuance of printed account statement

  • Any other services prescribed by PFRDA


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