What is NPS Employer Contribution?
The National Pension System (NPS) is a government-sponsored retirement savings scheme in India. Under this scheme, employers can contribute to their employees’ NPS accounts as part of their compensation package. The employer’s contribution is deposited into the employee’s NPS Tier-I account, which is the primary account used for retirement savings.
To Whom is NPS Employer Contribution Applicable?
Employees of Private Sector Companies: Employers in the private sector can include NPS contributions as part of their employee benefit plans.
Benefits of NPS Employer Contribution
Tax Exemption for NPS Employer Contribution
Key Points to Remember
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