tax- deferred savings accounts in trust for the employees, and they are by definition fully funded. They are therefore not of much concern to government regulators and are not covered by Pension Benefit Guar- antee Corporation (PBGC) insurance. In adefined benefit (DB) plan the employee’s pe...
Last year’s budget saw the Government setting the limit of Rs 7.5 lakh on tax-free yearly contributions to PF, NPS and other superannuation or retirement funds. Only contributions and deposits that exceeded the Rs 7.5 lakh limit were taxable. Now, employees who contribute more than Rs 20,...