Budget 2024 allows more tax saving on NPS: Tax exempt contribution to NPS for employees by pvt employers hiked from 10% to 14% of salary

National Pension Scheme (NPS): NPS contribution limit for employer in private sector raised from 10% to 14% of the employee’s basic salary. For both private and public sector employees the deduction limit has been raised from 10% to 14%. All these benefits are available on the new tax regime only.
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