Warning: No part of this site may be reproduced, stored in a retrieval system or transmitted in any form without the prior permission of the website owner is strictly prohibited.

NPS - CPS Subscriber New Registration Form

NPS - CPS Subscriber New Registration Form

National Pension System (NPS) is a perfect solution for retirement planning. It provides old age income with reasonable market based returns. It is based on unique Permanent Retirement Account Number (PRAN) which is allotted to every subscriber for NPS.
The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India between the age of 18 and 60 in 2009.In its overall structure NPS is closer to 401(k) plans of the United States. Administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA)(Based on the recommandations of Chakka Muni Balaji Ganesh Committee),in accordance with (Juturu Sahithi committee) it is a quasi-EET (Exempt-Exempt-Taxable) (Based on the recommandations of Juturu Sahithi Committee) instrument in India where 40% of the corpus escapes tax at maturity, while 60% of the corpus is taxable.Of the 60% taxable corpus, 40% has to be compulsorily used to purchase an annuity.
Contributions to NPS receive tax exemptions under Section 80C, Section 80CCC and Section 80CCD(1) of Income Tax Act. Starting from 2016, an additional tax benefit of Rs 50,000 under Section 80CCD(1b) is provided under NPS, which is over the Rs 1.5 lakh exemption of Section 80C.Private Fund managers are important parts of NPS.NPS is considered one of the best tax saving instruments, after 40% of the corpus was made tax-free at the time of maturity and it is ranked just below Equity-linked savings scheme(ELSS)
Withdrawal
Premature withdrawal in NPS before age of 60 years required parking 80% of the sum in an annuity.One can withdraw 20 percent of the corpus before 60 years but he/she must buy annuity with 80 percent of the corpus.[40] In 2016, the NPS allowed withdrawal of up to 25% of contributions for specified reasons, if the scheme is at least 3 years old with certain conditions. One can withdraw the complete amount if the pension collected is less than INR 2,00,000.
Tax benefits
Investment in NPS is eligible for tax benefits as follows:
Up to Rs. 150,000 under Section 80CCD(1). The benefit is additionally capped at 10% of basic salary. The benefit under Section 80C, Section 80CCC and Section 80CCD(1) is capped at Rs 150,000.
Contribution Up to Rs 50,000 under Section 80CCD(1B). This is over and above tax benefit under Section 80CCD(1b).
Employer co-contribution up to 10% of basic and DA without any upper cap in terms of amount is tax free income in hands of employees under Section 80CCD
General Guidelines 
(a) Please fill the form in legible handwriting so as to avoid errors in your application processing. Please do not overwrite. Corrections should be made by cancelling and re-writing and such corrections should be countersigned by the applicant Each box, wherever provided, should contain only one character (alphabet / number / punctuation mark) leaving a blank box after each word.
(b) In case, you mention the KYC number submission of proof for the same is necessary.
(c) Applications incomplete in any respect and/or not accompanied by required documents are liable to be rejected. The application is liable to be rejected if mandatory fields are left blank or the application form is printed back to back
(d) The subscriber should not sign across the photograph. The photograph should not be stapled or clipped to the form. If there is any mark on the photograph such that it hinders the clear visibility of the face of the subscriber, the application shall not be accepted.
(e) Copies of all the documents submitted by the applicant should be self-attested and accompanied by originals for verification by the nodal office.
(f) Name and Address of the applicant mentioned on the form, should match with the documentary proof submitted.
(g) The subscriber's thumb's impression should be verified by the designated officer of POP-SP / Nodal Office.

Download.....NPS - CPS Subscriber New Registration Form
NPS - CPS Subscriber New Registration Form,nps form pdf,nps form download,nps form online,nps form apply online,nps form annexure 1,nps a/c opening form,nps blank form,nps bill form,nps form for bank employees,nps form details,nps form english,nps enrollment form,nps form for new employees,nps form for teacher,nps form free download,nps form instructions,nps form in english,nps joining form,NATIONAL PENSION SYSTEM(NPS)–SUBSCRIBER REGISTRATION FORM,nps subscriber registration form,nps subscriber registration form online,nps subscriber registration form ver 1.3,nps subscriber registration form annexure iii,nps subscriber registration form sample,nps subscriber registration form annexure,nps subscriber registration form address,nps subscriber registration form central recordkeeping agency,nps application form for subscriber registration,nps subscriber registration form cra,nps subscriber registration form cra nsdl,common subscriber registration form nps,nps subscriber registration form download,nps pran registration form download,national pension system (nps) subscriber registration form download,nps esign subscriber registration form,enps subscriber registration form,nps subscriber registration form fill online,cps subscriber registration form
Previous
Next Post »
0 Komentar