Under which head NPS and EPS-95 is taxable

G V ADITYA (Student) (23 Points)

25 June 2022  

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 ?