💨 Abstract

India secured a three-year exemption from social security contributions for domestic workers temporarily in the UK under the Double Contribution Convention Agreement (DCCA). This agreement was announced along with a free trade pact between India and the UK. The exemption is expected to benefit over 60,000 employees from the IT sector alone and result in savings of around 20% of salary. The total benefits are estimated to exceed Rs 4,000 crore.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖