India Employer Forum

Tag: NPS

National Pension Scheme: Bonanza for government employees! Govt contribution to NPS to rise to 14% of basic salary

National Pension Scheme: Bonanza for government employees! Govt contribution to NPS to rise to 14% of basic salary

In a bonanza for government employees, the Cabinet Thursday raised the government’s contribution to National Pension Scheme (NPS) to 14 per cent of basic salary from the current 10 per cent, sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under 80C of the Income Tax […]
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