We are exploring the corporate NPS option for our ...
# compensation-and-benefits
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We are exploring the corporate NPS option for our employees where the contribution will be deducted from their salary only. Can anyone tell if there are any returns and challans to be filed on an annual or quarterly basis in the case with PF , in terms of compliance?
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This person will be able to help you Brijesh - 98109 10351 You may give my reference
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We are using HDFC for corporate NPS. Here’s the process which we follow: 1. Registered our company as a corporate with NPS. 2. Opened NPS accounts for the employees( who opted for it) as a corporate subscriber. 3. For employees who already have NPS account can be converted to corporate subscriber from individual subscriber. 4. Upload monthly contribution file on HDFC NPS portal. 5. Remit the fund to HDFC NPS Account. 6. HDFC NPS team will further deposit amount to the employees individual NPS accounts. No need to file any return or challan. Upload the contribution file, make payment and share the transaction reference number with HDFC NPS team. I think the process may be slightly different based on the fund management company you have selected.
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Thanks @Sivananda Reddy , it was really helpful
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