Tax exemption for New Pension System Trust contributions prevents withholding on payments made for or on behalf of contributors. The amendment declares that no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust, creating ... Summary
Tax exemption for New Pension System Trust contributions prevents withholding on payments made for or on behalf of contributors.
The amendment declares that no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust, creating an explicit withholding exemption for payments directed to that pension trust and taking precedence over other Chapter provisions.
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