TaxTMI 
TaxTMI 
IFSCA New Pension Scheme (NPS)
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....r (PFM) and the investment choice to manage individual NPS fund rests with the employees. 4. Contribution to NPS: a) Employees shall compulsorily contribute 10% of his pay (Basic Pay + Dearness allowance + Grade Allowance + Special Allowance + Special Pay + Personal Allowance) to NPS or as decided by the Authority from time to time. The Authority shall make 14% contribution to the NPS. b) Employees will also have the option to contribute additional amount to NPS i.e., contribution over and above the minimum required contribution. In any case, the contribution of the Authority shall only be to the extent of the compulsory contribution. 5. The initial subscriber registration charge and the monthly contribution processi....
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....e under Group Mediclaim Policy. b) A female employee may avail of this benefit either for her dependent parents or dependent parents- in-law, and the option exercised by her may be changed once during service. c) At the time of annual renewal of policy, staff members will be required to submit details regarding additions, change in status and deletions, as may be applicable. In case no changes are intimated it will be presumed that no changes are required to be incorporated in respect of the employee and the same will be renewed accordingly. d) In the case of staff members who are covered under the policy - mid-term inclusion will be available to cover their spouse only on account of marriage during the currency o....
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....s-in-law (monthly income from all sources should be less than Rs.1,000/-), with prior declaration. This option can be changed only once during the service period. d) In case both Wife and Husband are Employees of the IFSCA Where both the husband and wife are employees of the IFSCA, the benefits shall be applicable to the persons in the higher grade or either of them may prefer the claim, as beneficial to them according to his/her status. However, a joint declaration is required to be furnished as to who will prefer the claim. In the absence of a joint declaration, the claim is to be availed of by the employee in the higher grade. In the absence of a declaration, for employees in the same grade, the concession is to be avai....