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National Pension Scheme can be replaced with Provident Fund?


Alpa Borsadiya
As an employee can I choose to be in Pension Scheme or to be in Provident Fund Scheme? Both being pension funds, can i request employer to contribute in pension fund in stead of provident fund.
From India, Surat
vmlakshminarayanan
951
Hi,
No. EPF & EPS is statutory and compulsory on the part of Employer. Even if you place a request with your Employer, your Employer cannot do so. However, as a individual you can invest in NPS but you will not get tax exemption as you were already covered EPF & EPS.
From India, Madras
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India, Surat
07 May 2019 09.27.55 AM
Views: 735 Replies: 1 Appreciations: 0
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