The query is regarding Tax Planning using NPS.
As NPS contribution (upto 10% of Basic + DA) by Employer is not included in Taxable income of Employee, are there any companies who are planning such sort of tax planning where NPS contribution by Employer is made part of Employees Salary (i.e. it is made a part of CTC) . Any special conditions for such practice (like board approval, Special resolution, revision of employees compensation letters etc)
Please share the list of Big corporates, MNC's & PSU's following such practice.
From India, Delhi
Tax to be saved can be result of savings from your income only. This is basic principle. Really whether any company can include NPS employer contribution) as part of savings for tax of individual.
From India, Pune
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