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How Google Deleted $125 Billion Pension Fund Account By Accident
In a rare incident of misconfiguration, Google accidentally deleted the account of a $125 billion pension fund, causing disruption for over half a million UniSuper members, who couldn't access their superannuation accounts for a week.
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Budget 2020: Employer Contribution To Retirement Funds Capped
The budget document states, "It is proposed to provide a combined upper limit of seven lakh and fifty thousand rupees in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable. Consequently, it is also proposed that any annual accretion by way of i...
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General Provident Fund (GPF): How It Works, Interest Rate, Other Details
A subscriber is required to subscribe monthly to GPF except during the period when he is under suspension. Subscriptions to the general provident fund are stopped three months prior to the date of superannuation, according to pensionersportal.gov.in.
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Transfer Allowed From Employees' Provident Fund To NPS: Pension Regulator
As per the rules, a member looking to transfer funds from Employees' Provident Fund or EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.
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Funds Transferred From Provident Fund To NPS Not Taxable: Regulator
The transferred recognised provident fund or superannuation fund will not be treated as contribution of the current year by employee/employer and the subscriber would not be required to claim tax deduction.
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Surrender Sops Or Face Action: Home Ministry To Retired Policemen
The centre has warned retired police officers who continue to retain personnel and official vehicles even after superannuation, saying they must surrender such privileges immediately else action would be initiated against them.
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NPS Needs Level Playing Field To Become Popular, Says Regulator
To attract professionals and corporates to National Pension System (NPS), the government should provide a level playing field to the System in comparison to superannuation funds, like EPF, which enjoy 'EEE' tax benefit, the Pension Fund Regulatory and Development Authority (PFRDA) has said.
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Employees' Provident Fund Tax Rollback a Welcome Relief: Experts
Rollback of the controversial EPF (employees' provident fund) tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts.
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Tax Exemption Raised to Rs 1.5 Lakh Under Superannuation Fund
Government will rationalise the pension sector by a uniform tax treatment and has proposed to raise the exemption limit from Rs 1 lakh to Rs 1.5 lakh for annual contribution in a superannuation fund and also non-levy on taxes upon the death of an employee under NPS.
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LIC picks up additional 5% in Bank Of Baroda for Rs 1,645 crore
The bank issued the equity shares to LIC at an issue price of Rs 840.10 a share, Bank of Baroda said.
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How Google Deleted $125 Billion Pension Fund Account By Accident
In a rare incident of misconfiguration, Google accidentally deleted the account of a $125 billion pension fund, causing disruption for over half a million UniSuper members, who couldn't access their superannuation accounts for a week.
-
Budget 2020: Employer Contribution To Retirement Funds Capped
The budget document states, "It is proposed to provide a combined upper limit of seven lakh and fifty thousand rupees in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable. Consequently, it is also proposed that any annual accretion by way of i...
-
General Provident Fund (GPF): How It Works, Interest Rate, Other Details
A subscriber is required to subscribe monthly to GPF except during the period when he is under suspension. Subscriptions to the general provident fund are stopped three months prior to the date of superannuation, according to pensionersportal.gov.in.
-
Transfer Allowed From Employees' Provident Fund To NPS: Pension Regulator
As per the rules, a member looking to transfer funds from Employees' Provident Fund or EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.
-
Funds Transferred From Provident Fund To NPS Not Taxable: Regulator
The transferred recognised provident fund or superannuation fund will not be treated as contribution of the current year by employee/employer and the subscriber would not be required to claim tax deduction.
-
Surrender Sops Or Face Action: Home Ministry To Retired Policemen
The centre has warned retired police officers who continue to retain personnel and official vehicles even after superannuation, saying they must surrender such privileges immediately else action would be initiated against them.
-
NPS Needs Level Playing Field To Become Popular, Says Regulator
To attract professionals and corporates to National Pension System (NPS), the government should provide a level playing field to the System in comparison to superannuation funds, like EPF, which enjoy 'EEE' tax benefit, the Pension Fund Regulatory and Development Authority (PFRDA) has said.
-
Employees' Provident Fund Tax Rollback a Welcome Relief: Experts
Rollback of the controversial EPF (employees' provident fund) tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts.
-
Tax Exemption Raised to Rs 1.5 Lakh Under Superannuation Fund
Government will rationalise the pension sector by a uniform tax treatment and has proposed to raise the exemption limit from Rs 1 lakh to Rs 1.5 lakh for annual contribution in a superannuation fund and also non-levy on taxes upon the death of an employee under NPS.
-
LIC picks up additional 5% in Bank Of Baroda for Rs 1,645 crore
The bank issued the equity shares to LIC at an issue price of Rs 840.10 a share, Bank of Baroda said.
