Tax Regime Impact: PFRDA Pension Scheme Growth Slows Amid Lower Tax Rates
New Delhi, India: The Pension Fund Regulatory and Development Authority’s pension scheme, catering to both corporate entities and individuals, might be impacted by the new tax regime, which offers lower tax rates but eliminates exemptions like those for investments. According to the latest data released by the authority on Thursday, the growth in the overall subscriber base, including government employees, private sector workers, and participants in the Atal Pension Yojana, slowed to 16.3% during the …