New tax regime hits private sector addition to NPS

The PFRDA pension scheme is encountering hurdles due to the new tax structure, leading to a slowdown in subscriber growth. Recent data shows a 16.3% increase in the overall subscriber base, with concerns raised by companies over lack of tax benefits for employee contributions. Despite asset growth, tax-related issues persist, impacting scheme appeal.

Posted from: this blog via Microsoft Power Automate.

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