Roll Out Corporate NPS Without Burdening HR & Payroll

Why Corporate NPS Fits Effortlessly

Corporate NPS is an ideal choice for employees as they can contribute up to 14% of employees(10% in old tax regime)Basic Allowance on a Tax-free basis under section 80CCD(2). This in addition to contributing up to ₹ 7.5 lakhs for employees and up to ₹ 7.5 lakhs combined with the company contributions through Section 36(1)(iv).

Employees appreciate the accrued corpus growth and the returns of between 9% and 16% (for the past) and companies can recruit talent due to India's pension gap that exists at this time.

Pensionbazaar manages the process of linking PoP/CRA as well as auto-uploads of documents, prepares and submits documents required to be submitted under the mandatory compliance regulations. PensionBazaar eliminates the need for extensive time and resources to handle digital onboarding and eliminates 50% - 70% of your costs associated with doing this manually.

Step-by-Step Rollout: Zero HR Overload

Launching Corporate NPS with PensionBazaar is a simple, streamlined process—completed in just a few clear steps.

1. Register & Authorise PensionBazaar as Your PoP

   Choose PensionBazaar as your PoP-SP and complete digital registration. All required documentation is verified online, and employees receive NPS awareness and onboarding support through guided communication and webinars.

2. Employee Onboarding & KYC

   Employees complete PRAN registration digitally using Aadhaar-PAN based KYC. The process is fully paperless, quick, and centrally managed, with all employee queries and grievances handled directly by PensionBazaar.

3. Payroll Integration & Ongoing Contributions

   NPS contributions are seamlessly integrated with your payroll—similar to PF—via secure APIs. Employer and employee contributions, balances, and returns are tracked in real time through a single dashboard, with no dependency on the nodal office.

Tax & Compliance Wins for Firms

Through PensionBazaar as PoP, you can deduct employer contribution payments, i.e., pension benefits on behalf of your employees under Sec 36(1)(iv) of the Income Tax Act. You will also not need to pay any tax deducted at source (TDS) on employer contributions to the defined benefit pension scheme.

• The 80CCD(2) tax-exempt scheme for employers for the new regime is capped at a maximum contribution of 14% of salary(as per new tax regime).
• All mutual consent documentations are securely stored in a digital format so they can be reviewed and commented upon during an audit.
• Withdrawal and breakup requests (e.g., lump-sum payouts) are initiated through the PensionBazaar mobile application without requiring HR involvement.

Benefits Beyond Savings

In addition to providing a savings benefit to employees, the Corporate National Pension System through PensionBazaar will increase employee retention by 20 - 30% by providing each employee with a workplace private retirement fund of Rs. 65 lakhover the course of 25 years earning 10% interest.

Human Resources can now focus on developing a corporate strategy to support employee development rather than managing day-to-day operations. Payroll processing will operate as efficiently as it does today.

• HR Freedom: 80% time saved on uploads/grievances.
• Payroll processing Ease: API deducts like salary& - zero extras.
• Employee Joy: MSF flexibility, 9-12% growth tracked live.

Conclusion: Employer's Contribution to NPS

PensionBazaar helps Companies put the Corporate NPS in place quickly and easily while avoiding any burdens on the Company's Human Resources or Payroll Processing Departments. Automating from Company CHO Registration through Company NPS Equities allows Companies to save taxes and earn additional revenues for their NPS accounts that are established to serve 90 Million people. Call PensionBazaar to learn more about how easy it is to create loyal employees with pension security.