{"id":97018,"date":"2024-01-09T13:39:49","date_gmt":"2024-01-09T08:09:49","guid":{"rendered":"http:\/\/finservwealth.com\/budget-2024-higher-employersae-nps-contribution-limit-tax-free-annuity-income-on-the-wish-list\/"},"modified":"2024-01-09T13:39:49","modified_gmt":"2024-01-09T08:09:49","slug":"budget-2024-higher-employersae-nps-contribution-limit-tax-free-annuity-income-on-the-wish-list","status":"publish","type":"post","link":"https:\/\/finservwealth.com\/hi\/budget-2024-higher-employersae-nps-contribution-limit-tax-free-annuity-income-on-the-wish-list\/","title":{"rendered":"Budget 2024: Higher employers\u00e2\u20ac\u2122 NPS contribution limit, tax-free annuity income on the wish-list"},"content":{"rendered":"<p> PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.<\/p><div id=\"finse-2944074725\" class=\"finse-content finse-entity-placement\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9118214110898834\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-9118214110898834\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/budget-2024-higher-employers%C3%A2%E2%82%AC%E2%84%A2-nps-contribution-limit-tax-free-annuity-incomethe-wish-list_17392991.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool. PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/budget-2024-higher-employers%C3%A2%E2%82%AC%E2%84%A2-nps-contribution-limit-tax-free-annuity-incomethe-wish-list_17392991.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.<\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/budget-2024-higher-employers%C3%A2%E2%82%AC%E2%84%A2-nps-contribution-limit-tax-free-annuity-incomethe-wish-list_17392991.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool. PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/budget-2024-higher-employers%C3%A2%E2%82%AC%E2%84%A2-nps-contribution-limit-tax-free-annuity-incomethe-wish-list_17392991.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>\n<p><!-- \/wp:html --> PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-97018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"jetpack_featured_media_url":"https:\/\/www.moneycontrol.com\/news_image_files\/2023\/200x200\/R\/Retirement-plans-4_200.jpg","_links":{"self":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/97018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/comments?post=97018"}],"version-history":[{"count":0,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/97018\/revisions"}],"wp:attachment":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/media?parent=97018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/categories?post=97018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/tags?post=97018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}