Budget 2020: Employer Contribution To Retirement Funds Capped

PUBLISHED ON: February 9, 2020 | Duration: 2 min, 13 sec

  
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Finance Minister Nirmala Sitharaman, in the budget 2020-21, capped upper limit of tax-free employers' contribution to retirement funds. As per the budget, the contribution under National Pension scheme (NPS), recognized provident fund, and superannuation fund will have a limit of Rs 7.5 lakh, starting April 01, 2021.
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