NPS growth needs annuity, tax reforms: Axis CEO
Synopsis A senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Pension System (NPS). He advocates for allowing
Synopsis A senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Pension System (NPS). He advocates for allowing NPS subscribers to choose between annuities and a new Retirement Income System (RIS) and reintroducing the Rs 50,000 tax deduction under the new tax regime. These changes, he suggests, could lead to multifold growth in NPS within a few years.
The BriefWire