PFRDA asks government to give tax incentives, expand pension cover

50106312The government should consider giving tax incentives to pension sector and expand its coverage to include people in the informal sector as they do not have any universal social security net, PFRDA Chairman Hemant G Contractor said today.

We have sought parity in any tax treatment for NPS (National Pension System) from the government. Then also waiver of service tax on the purchase of annuity.

“Right now purchase of annuity attracts service tax so we have requested the government to do away with that, these are the two things we have asked the government to consider in the budget proposal”, Read More

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