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Introducing an all-star lineup of influential speakers at the Economic Times Future Forward Summit 2025

Introducing an all-star lineup of influential speakers at the Economic Times Future Forward Summit 2025

Time of Indiaa day ago
Advt
Advt
Align talent frameworks with AI-driven business objectives
Build inclusive, purpose-led workplace cultures
Future-proof organisations with human-centric, tech-enabled practices
Mega panel discussions to explore how AI is rewriting the rules of jobs, skills, and leadership
Keynote session to explore how AI is reshaping recruitment, analytics, and performance management
Fireside chats to explore how people's strategy fuels business transformation
By ,
ETHRSEA
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The ongoing rapid changes in the world of work are not only defined by how AI and automation are weaving into daily routines, narrowing the scope of human intervention and how a new generation of workers is rewriting the rules of professional ethics, challenging traditional norms.While each shift renders the future of work more unpredictable, it is human resources professionals who remain at the forefront, steadfastly protecting employee morale and business objectives from disruption. Their role has itself been reshaped by the relentless churn of the modern workplace, but their constant commitment to ensuring that human skills remain relevant and competitive stays alive. They now act as strategic business partners and devise policies to shape a system that enables talent to thrive while preserving the human element at the core of enterprise.But as uncertainty intensifies, HR professionals must be more pragmatic and agile than ever to navigate emerging challenges. According to a recent report by The HRCI Team , 88% of HR professionals said they should play a more active role in business operations, while only 8% believe HR should remain confined to its traditional function of managing employee-related matters.To help emerging and seasoned HR professionals better navigate this uncertainty and take a leading role in organisational transformation, the ETHRWorld Southeast Asia proudly presents the third edition of its Future Forward Summit- Malaysia Chapter-2025 , themed aroundThe event set forwill feature insightful discussions from veteran HR leaders across the region. These leaders will share their strategies, experiences, and best practices for driving change, fostering resilience, and ensuring that HR remains integral to both workforce success and business growth.This year, the summit will also welcomefrom the region who have worked closely with HR leaders to align people strategies with organisational goals. Their perspectives will offer a unique cross-functional view on how HR and business leadership can jointly shape transformation agendas, enhance workforce agility, and future-proof organisations in an evolving economic landscape.Join us to listen to thought-leading leaders from top industries, includingand many more, as they share real-world strategies on how to:Explore the agenda for The Economic Times Future Forward Malaysia 2025 here!Here's the list of the region's most influential C-suite leaders who will be sharing their insights in the event:
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Introducing an all-star lineup of influential speakers at the Economic Times Future Forward Summit 2025
Introducing an all-star lineup of influential speakers at the Economic Times Future Forward Summit 2025

Time of India

timea day ago

  • Time of India

Introducing an all-star lineup of influential speakers at the Economic Times Future Forward Summit 2025

Advt Advt Align talent frameworks with AI-driven business objectives Build inclusive, purpose-led workplace cultures Future-proof organisations with human-centric, tech-enabled practices Mega panel discussions to explore how AI is rewriting the rules of jobs, skills, and leadership Keynote session to explore how AI is reshaping recruitment, analytics, and performance management Fireside chats to explore how people's strategy fuels business transformation By , ETHRSEA Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. The ongoing rapid changes in the world of work are not only defined by how AI and automation are weaving into daily routines, narrowing the scope of human intervention and how a new generation of workers is rewriting the rules of professional ethics, challenging traditional each shift renders the future of work more unpredictable, it is human resources professionals who remain at the forefront, steadfastly protecting employee morale and business objectives from disruption. Their role has itself been reshaped by the relentless churn of the modern workplace, but their constant commitment to ensuring that human skills remain relevant and competitive stays alive. They now act as strategic business partners and devise policies to shape a system that enables talent to thrive while preserving the human element at the core of as uncertainty intensifies, HR professionals must be more pragmatic and agile than ever to navigate emerging challenges. According to a recent report by The HRCI Team , 88% of HR professionals said they should play a more active role in business operations, while only 8% believe HR should remain confined to its traditional function of managing employee-related help emerging and seasoned HR professionals better navigate this uncertainty and take a leading role in organisational transformation, the ETHRWorld Southeast Asia proudly presents the third edition of its Future Forward Summit- Malaysia Chapter-2025 , themed aroundThe event set forwill feature insightful discussions from veteran HR leaders across the region. These leaders will share their strategies, experiences, and best practices for driving change, fostering resilience, and ensuring that HR remains integral to both workforce success and business year, the summit will also welcomefrom the region who have worked closely with HR leaders to align people strategies with organisational goals. Their perspectives will offer a unique cross-functional view on how HR and business leadership can jointly shape transformation agendas, enhance workforce agility, and future-proof organisations in an evolving economic us to listen to thought-leading leaders from top industries, includingand many more, as they share real-world strategies on how to:Explore the agenda for The Economic Times Future Forward Malaysia 2025 here!Here's the list of the region's most influential C-suite leaders who will be sharing their insights in the event:

Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Act, 1961
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Time of India

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  • Time of India

Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Act, 1961

Income tax exemptions for UPS Academy Empower your mind, elevate your skills Finance minister Nirmala Sitharaman introduced the Taxation Law (Amendment) Bill, 2025, in today's Lok Sabha session. This Bill aims to amend the Finance Act, 2025 and the Income Tax Act, 1961. The main focus of these changes is to align the tax treatment of UPS ( Unified Pension Scheme ) with that of NPS ( National Pension System ). Here are some key updates included in the Taxation Law (Amendment) per the bill, any payment made from the NPS Trust to a UPS subscriber, which does not exceed 60% of the individual's corpus at the time of superannuation, voluntary retirement or retirement, shall be exempt from income to the bill, 'any payment from the National Pension System Trust to an assessee, who is a subscriber to the Unified Pension Scheme, to the extent that it does not exceed sixty per cent of the individual corpus, as specified in notification number FX-1/3/2024-PR, dated the 24th January, 2025 of the Department of Financial Services, made at the time of his superannuation or voluntary retirement or retirement under clause (j) of rule 56 of the Fundamental Rules [which is not treated as penalty under the Central Civil Services (Classification, Control and Appeal) Rule.'According to the bill, 'any sum received as a lump sum amount as per clause (vi) of paragraph 2 of the notification number FX-1/3/2024-PR, dated the 24th January, 2025, of the Department of Financial Services, by an assessee being a subscriber to the Unified Pension Scheme will also be tax exempt.'As per law, a lump sum payment will be allowed on superannuation at the rate of 10% of monthly emoluments (basic pay + Dearness Allowance) for every six months of qualifying service you complete. Moreover, this lump sum payment will not affect the amount of assured bill further adds that, 'where any amount standing to the credit of the assessee, being a subscriber to the Unified Pension Scheme, in his account referred to in sub-section (1) or sub-section (1B), in respect of which a deduction has been allowed under those sub-sections or sub-section (2), together with the amount accrued thereon, if any, is received by the assessee or his nominee, in whole or in part, in any previous year on account of his superannuation or voluntary retirement or retirement under clause (j) of rule 56 of the Fundamental Rules [which is not treated as penalty under the Central Civil Services (Classification, Control and Appeal) Rules, 1965], as may be applicable, the whole of the amount shall be deemed to be the income of the assessee or his nominee, as the case may be, in the previous year in which such amount is received, and shall accordingly be charged to tax as income of that previous year.'Simply put, if the UPS subscriber or their nominee receives any amount from the scheme before their superannuation, retirement or voluntary retirement, it will be treated as income in the hands of the individual and taxed CA Ashish Niraj, Partner, A S N & Company Chartered Accountants explains, this sub-section has been inserted to clarify that in case the assesee closes the account or opts out of the pension scheme referred to in sub-section (1) or sub-section (1B), then such amount will be deemed to be his income in that previous year and will be CA Mohit Gupta, 'if an assessee (subscriber to the Unified Pension Scheme) receives any amount (including accrued income) from their pension account—where deductions were claimed earlier under Section 80CCD(1), (1B), or (2)—on superannuation, voluntary retirement, or retirement under Rule 56(j) of the Fundamental Rules (not treated as penalty), the entire amount will be treated as taxable income in the year of receipt'.Additionally, if the remaining balance in the individual corpus is transferred to the pool corpus on his superannuation, voluntary retirement or retirement, it won't be treated as income for the taxpayer in that year. According to CA Ashish Niraj, Partner, A S N & Company Chartered Accountants, this is merely shifting funds from individual corpus to pool corpus for annuity purposes, and hence, does not invite Prabhakar K S, Founder & CEO, Shree Tax Chambers, "with effect from April 1, 2025, any amount received by an assessee or their nominee on superannuation or retirement will be considered income in the year it's received and will be charged to tax accordingly. A subscriber, upon attaining 60 years, can withdraw 60% of the total corpus as a lump sum, which is tax-free. The remaining 40% should be utilised to buy annuities. The annuity income is taxable as per the applicable income tax slab rates".

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