How to Configure NPS Declaration Settings in Workwisely AI

NPS Settings

NATIONAL PENSION SCHEME

NPS Settings

Configure NPS — employer and employee contributions, tiers, and corporate NPS linkage for eligible employees.

NPS settings
👥 WHO USES THIS
▸Payroll admins enabling NPS
▸Finance defining contribution caps
▸HR supporting employee enrollments
✨ WHAT YOU'LL ACHIEVE
▸Configure NPS tiers and caps
▸Link corporate NPS accounts
▸Enable employer contributions

To release NPS declaration for your organization

  • Navigate to Settings → Tax and Statutory Compliance → NPS Declaration.

  • Click the Release NPS declaration button and set the Lock Date in the field Allow employees to submit NPS Declaration until.This defines the last date for employees to submit their NPS Declaration.

  • For new employees, enable and configure the number of days (from the date of joining) during which they are allowed to submit their NPS declaration.

  • Click Save to apply the settings.

  • By default: The NPS Declaration Lock Date is set to 30th April of every year and For new employees, the declaration window is 60 days from the date of joining.




Fig: Release NPS Declaration



Fig: NPS Settings



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