Friday, 5 January 2024 The pensions regulator has requested increased tax breaks on employer contributions to employees' pensions, aiming to align it with the tax treatment of employer contributions to the provident fund. Currently, the employer's provident fund contribution is deductible up to 12% of the salary, capped at Rs 7.5 lakh, and the interest on this contribution is tax-exempt. The National Pension Scheme has outperformed all equity benchmarks, with equity funds generating returns of 24.2% over one year. The NPS aims to expand its subscriber base through awareness campaigns and social media.
Divided Congress Reaches , Pro-Family Deal , to Boost Child Tax Credit.
On January 16, Congress announced a bipartisan
deal that will expand the child tax credit and
introduce a number of tax breaks..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 5 January 2024
![Divided Congress Reaches Pro-Family Deal to Boost Child Tax Credit [Video]](https://video.newsserve.net/300/v/20240116/1363766265-Divided-Congress-Reaches-Pro-Family-Deal-to-Boost.jpg)
