Income Tax Exemption for amount withdrawn from NPS and EPF

Income Tax Exemption for amount withdrawn from NPS and EPF

NPS (National Pension System) and EPF (Employee Provident Fund) are retirement benefit schemes applicable for salaried employees. NPS is applicable for Central Government Employees who joined in the service on or after 1st January 2004 and private employees. Early withdrawals in EPF has been restricted with effect from 10th February 2016 at par with NPS

Casual Labourers with Temporary Status – Contribution to GPF and Pension

Casual Labourers with Temporary Status – Contribution to GPF and Pension

DOPT had clarified in OM dated 261h April, 2004 after introduction of NPS to the effect that Casual Labours are not covered by GPF. However, this clarification has been quashed by many legal forums. Hence, DOPT has come up with a clarification OM for covering casual labourers who have been granted temporary status would be entitled GPF

OROP Anomalies – One member Judicial Committee will submit its report in six months

OROP Anomalies – One member Judicial Committee will submit its report in six months

Government has received representations from various Ex-Servicemen Associations and beneficiaries regarding anomalies and their dissatisfaction with the order of OROP scheme. One member Judicial Committee has been appointed on 14.12.2015 to look into the anomalies arising out of implementation of OROP.