NPS Monthly pension

266 views
User Avatar

Student
141 Points Posted on 16 August 2022
Hello experts,

The monthly annuity received under NPS are taxable under which head- Salary or IFOS?
3 Reply Share Follow
On 16 August 2022 at 14:18 Report
Replies (5)
Quick Summary
This discussion clarifies the tax treatment of monthly annuities received under the National Pension System (NPS). Experts advise that NPS annuity income is generally taxable under 'Income From Other Sources'. However, if the amount is significant, it can also be declared under 'Income from Salaries'.

User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 16 August 2022

Income From Other Sources...      

4 Reply
On 16 August 2022 at 16:42
User Avatar

12 Points Posted on 16 August 2022
Salaries
2 Reply
On 16 August 2022 at 18:33
User Avatar

Chartered Accountant
86505 Points Posted on 16 August 2022
Income from Other Sources , however if amount is material enough, you can also declare it under Income from Salaries.
3 Reply
On 16 August 2022 at 20:30
User Avatar

Student
141 Points Posted on 19 August 2022
@ Ca Rashmi Gandhi mam, even if it is received from bank, can we show it under salary?
2 Reply
On 19 August 2022 at 10:39
User Avatar

Chartered Accountant
86505 Points Posted on 23 August 2022
Yes you can show it.
1 Reply
On 23 August 2022 at 20:02

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Queries on Tax Invoice and GST
  2. Income Tax Auditor Tenure for Small Companies
  3. Sec 8 company sec 12ab reg
  4. AIS Password: How to Open Your AIS PDF?
  5. Interview Questions
  6. ITR Filing Last Date 2026
  7. Tds - filing Conso File for tax year 2026-27
  8. ITR-3 Filing For AY 2026-27 - Tips
  9. Capital Gain on sale of Depreciated Factory Gala
  10. Interesting Observation from a Recent Income Tax S

More recent discussions | Post

Related Topics :

Loading
Follow