December 13, 2024
Finances 2024: Increased employers’ NPS contribution restrict, tax-free annuity earnings on the wish-list

A mixture of tax sops, product assemble, minimal prices for the subscribers and good returns makes NPS essential in your retirement portfolio

The Pension Fund Regulatory and Growth Authority (PFRDA) has proposed a rest in tax guidelines for personal sector employers’ Nationwide Pension System (NPS) contribution forward of Finances 2024. “We’ve got made a case for bringing the tax advantages on employers’ NPS contribution at par with the staff’ provident fund (EPF) contribution restrict of 12 %,” PFRDA chief Deepak Mohanty mentioned on January 5.

Although Finance Minister Nirmala Sitharaman has dominated out any “spectacular bulletins” this time spherical as it’s…