NPS deduction case for Autonomous bodies

Tilak Marg Forum for Legal Questions Forums Service and Labour Laws NPS deduction case for Autonomous bodies

Viewing 1 reply thread
  • Author
    Posts
    • #4344

      As we know government of India stopped the deduction of GPF for the employee who got selected after 31/12/2003 and started the deduction of New pension scheme submit the amount to the NSDL to the respective employees PRAN accounts from 1st January, 2004 onwards but in autonomous bodies they started deductions as per the NPS rule but did not get the orders to register the organisation with NSDL So, they could have submitted it in PRAN A/C. Autonomous bodies get the Oders in August, 2008. So, sir my question is the employee who got job after 2004 and resigned before opening the PRAN account with NSDL before 2008 and if he/she applies for the NPS withdrawal what action the organisation should take does he/she will get the amount (employee part+employer part) or only employee part if any of them or both will organisation liable to pay interest on the same, if tm yes then how to calculate it. Kindly help.

    • #4347

      Please check the relevant rules / orders applicable in the autonomous body where you were working and which has deducted the amount towards NPS. It will depend on the relevant rules applicable in that organisation as to under what specific conditions such organisation was deducting the amounts. Make enquiries with the organisation, if necessary, through the RTI.

      But, you must at least get the interest on such deductions.

           


      Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers. List of his YouTube Videos.

Viewing 1 reply thread
  • The forum ‘Service and Labour Laws’ is closed to new Questions and replies.