October 29, 2020

Important Rules for Public Provident Fund (PPF)

PPF is a long-term saving cum investment instrument. This scheme was started by The National Savings Institute of the Ministry of Finance in 1968 to encourage saving and provide returns on it to subscribers of the scheme. Despite a number of saving schemes available in the market, the Public Provident Fund (PPF) continues to remain a […]

Atal pension scheme has given return @ 11%, find out the full details about the scheme

The Modi government introduced the Atal Pension Yojana for millions of people working in the unorganized sector. At a time when the return on your investment is steadily declining, this pension plan has given a return of 11% in the last one year, which is fantastic. The Atal Pension Scheme is a very beneficial social […]

Benefits under EMPLOYEES PROVIDENT FUND AND MISC. PROVISIONS ACT, 1952

It is an Act to provide for the institution of provident funds, pension funds and deposit linked insurance fund for the employees in the factories and other establishments. The primary purpose of PF fund is to help employees save a fraction of their salary every month so that he can use the same in an event that […]

Pro-forma / Draft / Specimen for Voluntary Retirement Scheme

Pro-forma / Draft / Specimen for Voluntary Retirement Scheme In this article, based on a journal, I am sharing a proforma / draft / specimen for drafting Scheme for Voluntary retirement. This will help all HR and administration professionals to build good VRS document which covers all technical and nontechnical aspects in this regard. Please […]

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 3)

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 3) In the previous 2 articles, basic concept of Superannuation Benefit Scheme and other important aspects such as types of superannuation scheme, various annuity options and how this scheme of superannuation works have been elaborated in detail. Today, in […]

Employee Pension: Find out how much pension you will get after retirement

Employee Pension: Find out how much pension you will get after retirement An employee can get various retirement benefits majorly are Provident Fund, Pension, leave Encasement and gratuity & so on to meet his / her financial requirement in the retired life. Upon retirement, the employee receives the full amount of his Employee Provident Fund […]

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 2)

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 2) In earlier article, basic concept of Superannuation Benefit Scheme has bean elaborated in details. In simple words, Superannuation Benefit Scheme is nothing but the kind of retirement benefit by an employer to its employees.  It also referred as […]

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 1)

Superannuation Benefit Scheme: Concept, Eligibility, Calculation, tax benefit available and all other relevant information (Part – 1) In compliance with statutory mandate or voluntarily, employers provide various retirement benefits to their employees to retain them for a longer period with them. Such retirement benefits include provident fund, gratuity, National Pension System etc. Superannuation benefit is […]