Employee Declaration and Opt-in Form - NPS & Enhanced PF (effective April 2026)
This form is to capture your consent and preferences for the newly introduced National Pension System (NPS) and the Enhanced Provident Fund (PF) Contribution Structure.
As part of Relay's initiative, this is being introduced as a tax-saving benefit to help strengthen your long-term financial security and retirement planning.
Employee Details
1. Employee Code *
2. Employee Name *
3. Designation *
4. Which Income-Tax Regime have you opted for FY 2026-27?
(This selection will determine employer NPS contribution: 10% (Old Regime) /or 14% (New Regime) of Basic Salary)
5. Do you want to Opt-in for NPS Contribution?
6. Do you already have an NPS Account (PRAN)?
7. Do you understand the benefits of NPS contribution?
8. Do you want to Opt-in for Enhanced PF Contribution (12% on Full Basic without Rs 1,800 cap)?
(Both Employer and Employee contribution will be 12% of full Basic Salary. This will increase retirement savings but reduce monthly take-home salary)
