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Salary Discussions, Hike & Promotions
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Is it wise decision to make the employer contribute to NPS (by deducting the amount from my basic salary) to save on taxes.
I have recently joined an organization and in my CTC breakup, there is no mention of employer's contribution to NPS, only EPF is there.
I enquired & got to know that it's possible, employer can contribute to NPS from my CTC.
Want to know if it's a wise decision to make that happen, as ~10%-15% of basic salary can be contributed to NPS by employer & all that amount will be exempted from Tax so, I'll save on taxes under the New Regime (as per Budget 2025) but drawback is I'll not be able to get NPS contributed amount to use until I retire.
My thought are instead of letting go that entire amount in taxes better to have it in NPS & use it after retirement.
What's your suggestion?
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