Budget: Exemption on employer NPS contribution for state govt staff hiked to 14%2 min read . Updated: 02 Feb 2022, 09:58 AM IST
- This will help enhance the social security benefits of state government employees and bring them on a par with central government employees
NEW DELHI: State government employees will be able to claim a tax benefit of 14% on NPS (National Pension Scheme) contribution made by their employer, beginning FY2022-23, bringing it on a par with central government employees, the Union Budget 2022 has proposed. For private sector employees, this remains capped at 10%.
Select your Category