Income tax treatment of nps in the name of spouse

If I invest in NPS in the name of my non tax payee spouse, what will be the status of tax on the following at the time of maturity? Whether these will be added to my income?

1. Lumpsum amount. I plan 40%

2. Annuity amount. I plan 60%

3. Monthly pension.

Replies (2)
Quick Summary
This discussion explores the tax treatment of National Pension System (NPS) investments made in the name of a non-taxpaying spouse. It clarifies how lumpsum withdrawals, annuity purchases, and monthly pensions are taxed at maturity. The key question is whether the maturity proceeds and subsequent pension income will be added to the investor's taxable income.

You are compulsorily required to keep aside at least 40% of the corpus to receive a regular pension from a PFRDA-registered insurance firm. Of the remaining 60%, 40% is tax-free. The remaining 20% will be subjected to taxation as per your tax slab.

If I invest in NPS in the name of my non tax payee spouse and at the time of maturity, 

Case1: I take 40% lumpsum and buy a pension plan with the remaining 60%,

a. What will be the tax liability on maturity proceeds?

b. Will the pension in the name of my spouse be added to my income (as the investment was made by me)?

Case2: 100% maturity proceeds are invested in a pension plan. Will the pension in the name of my spouse be added to my income

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