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PFRDA may become regulator for all pension products

PFRDA may become regulator for all pension products

Saturday, December 21, 2019, 10:17 AM

The finance ministry may allow the PFRDA to become the single regulator for all pension products, with an announcement on this expected in the upcoming budget. The government is also considering doubling tax benefits currently available under the NPS to Rs.1L under Section 80CCD (1b) and making the annuity income tax-free. Currently, the annuity received is taxable in the year of receipt.
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