Dear experts,
I want to ask that my uncle is receiving monthly NPS income from the bank, so under which head this income is taxable - Salary or IFOS?
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Monthly NPS annuity
Replies (8)
Monthly annuity from NPS is assessed u/h. IFOS.
You can show it in other sources, but in recent case law annuity also declared under head salary.
@ CA Rashmi Gandhi mam, can you please name the case law?
A resounding yes! If your employer is contributing to your NPS account you can claim deduction under section 80CCD(2). There is no monetary ...
Here querist ask for Income from NPS
Thank you Dhirajlal Rambhia and CA Rashmi Gandhi
Monthly nps annuity
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