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Category: National Pension Scheme

National Pension Scheme (NPS). Let’s understand further!
NPS is a universal defined contribution retirement scheme, funded by employee contributions only. However, the NPS regulator has announced an option described as a payroll deduction, whereby the employer can make contributions on behalf of employees and claim them as a business expense. Meanwhile, the employee may also claim a personal tax exemption for the contribution made by the employer on his behalf. The deduction is available only up to a certain limit specified by the income tax authorities.

image of clock - NATIONAL PENSION SCHEME

National Pension Scheme

One of the significant changes that are taking place in relation to the retirement benefits is the introduction of the National Pension Scheme (NPS). Let’s understand further! NPS is a universal defined contribution retirement scheme, funded by employee contributions only. However, the NPS regulator has announced an option described as a payroll deduction, whereby the […]

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