With lofty returns and tax breaks, New Pension System ropes in 400 firms

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SummaryPFRDA-regulated NPS has roped in cos thanks to the 10-15% annual returns and tax breaks.

employer can provide an additional tax benefit to the employee by simply reorganising the salary structure without incurring any additional cost to the company (CTC), an official said.

Even in terms of fund management charges, NPS comes cheaper than EPFO. The investment cost of NPS is capped at 0.25% for the private sector. In contrast, the EPFO deducts 1.1% of the contribution as administrative charges and another 0.18% for inspection charges.

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