Higher income tax deduction on NPS likely for private sector employees2 min read 08 Jan 2021, 08:46 AM IST
Under the current income tax laws, if an employer is contributing towards the employee's NPS account, a deduction up to a certain percentage of salary qualifies for income tax deduction
In the Budget 2021, tax experts expect the government to fix some anomalies in the NPS with regard to income tax benefits. They say that this will help in increasing the attractiveness of the National Pension Scheme.
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