Microlesson · 5-min read

Pension Scheme Contribution Collection – Entries 37 & 38

# Pension Schemes – Collection of Contribution

Entry	Exempt Service
37	Services by way of collection of contribution under the Atal Pension Yojana (APY)
38	Services by way of collection of contribution under any pension scheme of the State Governments

## Key Points

Only the collection activity is exempt (the agent/bank's commission for collecting contributions).
Other services rendered to such schemes (e.g., fund management, investment advisory) are NOT covered by these entries.
Entry 38 is wider – it covers contribution collection under any State Government pension scheme.

Worked example

### Example 1

Example: A bank acts as an aggregator collecting APY contributions and charges Rs.50 per subscriber → Collection commission is EXEMPT under Entry 37.

⚠️ Common exam mistakes

Stretching the exemption to fund-management or advisory services for these schemes – Entries 37/38 cover only contribution collection.
Applying Entry 37 to CG pension schemes other than APY.

Reference: Entries 37 & 38 — Notification No. 12/2017-CT(R)

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