Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

With lofty returns and tax breaks, New Pension System ropes in 400 firms
February, 21st 2013

The Pension Fund Regulatory and Development Authority (PFRDA)-regulated New Pension System (NPS) has roped in about 400 companies since December 2011, thanks to the 10-15% annual returns and tax breaks the scheme enjoys.

The growing corporate enrollment along with rising contribution from government employees have helped the NPS to grow its corpus to close to Rs 28,000 crore by February 2013, a PFRDA official told FE. The NPS corpus has grown 77% year-on-year to R15,163 crore in 2011-12 and 83% in 2010-11. The NPS was initiated in 2004, initially enrolling new central government employees, and subsequently rolled out to employees in 24 states, PSUs, corporates and even the unorganised sector.

Though it is mandatory for employees with a basic monthly salary of up to R6,500 to sign up for the Employees Provident Fund Organisation (EPFO), corporates are increasingly offering recruits and existing staff an option to invest in the NPS.

"About 400 corporates have enrolled with 1.29 lakh subscribers against the 43.39 lakh subscribers under the NPS as a whole. The asset under management (AUM) under the corporate sector is Rs 986.50 crore against the total AUM of Rs 27,711 crore as of February 9, 2013," the PFRDA official said.

Some of the employees, who are already part of the EPFO, are parking excess savings in NPS going by the higher returns and tax breaks.

As against EPFO's interest of 8.25% in 2011-12 and a likely 8.5% for this year, PFRDA sources said, the NPS has provided 14.52% return on the equity oriented E-scheme, 14.17% under the corporate bonds C-scheme and 10.82% for government debt heavy G-scheme in the last one year.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions