Farsight Financial Services

NPS for Corporates

NPS Corporate Model is designed for companies, PSUs, and other organizations to offer NPS to their employees through the employer. It helps employees build a retirement corpus while enjoying tax benefits and long-term financial security.

Explore NPS Corporate
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Who is Eligible for Corporate NPS?

Corporate NPS model is available for entities as listed under

Entities registered under Companies Act

Entities registered under various Co-operative Acts

Central/State Public Sector Enterprises

Registered Partnership Firms / Limited Liability Partnerships (LLPs)

Any Body Corporate under any Act of Parliament or State Legislature or by order of Central/State Government

Trust / Society / Proprietorship Concern

Features of NPS Corporate

NPS for Corporates Key Highlights

01

Designed for Corporate Entities and PSUs to offer NPS under employer-employee framework.

02

Enables employers to provide post-retirement security and contribute towards employees’ pension.

03

Cost-effective structure with minimal administrative burden handled by the NPS ecosystem.

04

Flexibility to choose POP, Pension Fund & Investment Option centrally or allow employees to choose.

05

Tax benefits available to employer and employees reducing overall tax liability.

06

Portable PRAN account even if employees change jobs.

Tax Advantage

Why This is "Exempt-Exempt"
for Corporate Partners

For the Employee

Employee Benefit

Contribution Not treated as taxable income in the hands of the employee

Zero tax on NPS contribution amount
For the Employer

Employer Benefit

Contribution Not a tax liability because it is treated as a business expense and reduces company tax.

Deductible as business expense
Registration Process

How to Join Farsight NPS?

1
Corporate Registration
3 steps
01

Submit CHO-1 Form with Farsight

02

Farsight Forwards the Same to CRA

03

CRA Registers the Corporate and allots “Corporate” Registration Numbers

2
Subscriber Registration
3 steps
01

Fill and Submit CSRF 1 Form of Employees to Corporate

02

Corporate Verifies the Employment Details and Send these Forms to the Farsight, which forwards them to CRA.

03

Farsight registers employees, generates PRAN, and dispatches the PRAN kit to the employee.

Benefits

Benefits of Corporates NPS for Employees

Attract & Retain Talent

Stand out from competitors with a strong retirement benefit like NPS.

Boost Employee Motivation

Link NPS contributions with performance and reward employees for achieving targets.

Save on Taxes

Employer NPS contributions are tax-deductible business expenses

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