Under which head NPS and EPS-95 is taxable

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hi,

My father is a retired employee and he has been receiving EPS-95 pension of ₹2900/month and he is also wants to exit from NPS. 

Is EPS-95 and NPS annuity allowed for Standard deduction of ₹50000 ?

Replies (3)

Yes. SD can be claimed from monthly pension annuity.

Thank you for the above clarification.

Most Welcome...                          

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