Budget: Tax deduction limit for state govt employees to NPS hiked. Read here1 min read 01 Feb 2022, 12:22 PM IST
The move is to bring parity between employees of states and central government and to enhance social security benefits.
Finance Minister Nirmala Sitharaman on Tuesday proposed to increase tax deduction limit from 10% to 14% on employers contribution to National Pension System (NPS) account of state and Central government employees.
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