Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Thursday, January 11, 2018

Moving from EPF to NPS


Under the National Pension System, a subscriber can create a retirement corpus and also enjoy tax benefits up to `1.5 lakh under Section 80C and additionally up to `50,000 under Section 80CCD(1B) of the Income Tax Act. It is now possible to move funds from a recognized Employees Provident Fund (EPF) to the National Pension System (NPS).

Active NPS account

As a prerequisite, one should have an active Tier 1 account with the NPS. This account can be opened through the employer, if NPS has been implemented already. Alternatively, one can approach a POP (point of presence) or can access the e-NPS portal to open a NPS account at npstrus.org.in.

Request for transfer of PF

To make the transfer, a request must be made to the recognized employee provident fund or superannuation fund through the person's current employer to transfer the balances in the EPF or superannuation fund account to his NPS account.

Transfer initiation

Once the application is received, the recognised providentsuperannuation fund will initiate the transfer of balances in the PF superannuation account. A cheque or draft is issued in the name of the nodal office of NPS (in case of government employees) or in the name of the POP collection account (in case of all citizens model).

Issue of letter to employer

A letter is issued by the recognised providentsuperannuation fund to the employer that the amount is being transferred to the NPS Tier 1 account of the employee. The nodal office or POP (as the case may be) will get the amount collected and updated in the NPS Tier 1 account of the employee.







Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2018

Best 10 ELSS Mutual Funds to invest in India for 2018

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2018 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts