Taxation of Employer’s Contribution to Retired Fund: Here’s how it affects high-income individuals

A new regulation was introduced by the Government of India through the Finance Act 2020 effective from FY 2020-21. With this regulation, the employer contributes to the Provident Fund (PF), Superannuation Fund (SAF) and National Pension Scheme (NPS; now further referred to as specified funds), in excess of Rs 750,000, in each financial year. Will …

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