Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors
The Budget 2024 has proposed to increase the 10% limit on employer contribution to employee’s NPS account to 14% and the introduction of NPS Vatsalya for minors. It will increase the NPS reach and promote social security among citizens.
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The Budget 2024 has proposed to increase the 10% limit on employer contribution to employee’s NPS account to 14% and the introduction of NPS Vatsalya for minors. It will increase the NPS reach and promote social security among citizens.
