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2024 Social Security Tax Limit In India

2024 Social Security Tax Limit In India. Find out the tds rates. Employees choosing the new tax regime are now eligible for a higher deduction of up to 14% of their basic salary for the contribution made.


2024 Social Security Tax Limit In India

Employees choosing the new tax regime are now eligible for a higher deduction of up to 14% of their basic salary for the contribution made. To improve social security benefits, deduction of expenditure by employers towards nps is proposed to be increased from 10 to 14 per cent of the employee’s.

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