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Interest On NPS
When should the interest on NPS be accounted?Every year as per the statement or once we withdraw or the fund matures?
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Quick Summary
No interest would be paid out of contributions to NPS fund. As I understand, gain/loss on withdrawal (due to capital appreciation/depreciation) may be treated as short/long-term capital gain/loss which is also tax-free.
As far as I know, NPS (N ational Pension System) is retirement product similar to EPF (Employee Provident Fund). Generally, the EPF interest credited by government annually is not reported to the ITR form as it did not come into the taxpayer's own hands.
Similarly, the capital gains or losses of NPS fund (each year) need not be reported on ITR form.
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