Taxation of NPS

Tax queries 196 views 1 replies

Hey as per recent changes now SBI Bank (PSU) is giving 14% of salary as employer contribution towards NPS.

Employer contribution towards NPS is exempt with below condition:-

(a) fourteen per cent, where such contribution is made by the Central Government;

(b) ten per cent, where such contribution is made by any other employer,

of his salary in the previous year

So my question is weather contribution towards NPS by PSU will be fully exempt-(14%) or only 10%.

  

Replies (1)

It would be 10% only.          


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details