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 CorporateDesigned for Corporate Entities and PSUs to offer NPS under employer-employee framework.
Enables employers to provide post-retirement security and contribute towards employees’ pension.
Cost-effective structure with minimal administrative burden handled by the NPS ecosystem.
Flexibility to choose POP, Pension Fund & Investment Option centrally or allow employees to choose.
Tax benefits available to employer and employees reducing overall tax liability.
Portable PRAN account even if employees change jobs.
Contribution Not treated as taxable income in the hands of the employee
Contribution Not a tax liability because it is treated as a business expense and reduces company tax.
Submit CHO-1 Form with Farsight
Farsight Forwards the Same to CRA
CRA Registers the Corporate and allots “Corporate” Registration Numbers
Fill and Submit CSRF 1 Form of Employees to Corporate
Corporate Verifies the Employment Details and Send these Forms to the Farsight, which forwards them to CRA.
Farsight registers employees, generates PRAN, and dispatches the PRAN kit to the employee.
Stand out from competitors with a strong retirement benefit like NPS.
Link NPS contributions with performance and reward employees for achieving targets.
Employer NPS contributions are tax-deductible business expenses