NPS Vatsalya – DjSaavn

Budget 2024: How will the increased NPS tax deduction impact your retirement savings?

August 6, 2024 by djsaavn_jvd36z

Budget 2024 has introduced significant changes to the National Pension System (NPS), aiming to make it more attractive and beneficial for private sector employees. One of the most notable changes is the increase in the tax deduction limit on the employer’s contribution to NPS, which has been raised from 10% to 14% of the basic … Read more

Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors

July 28, 2024 by djsaavn_jvd36z

One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more