Under which head NPS and EPS-95 is taxable

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)
Quick Summary
This discussion clarifies the taxability of NPS and EPS-95 pensions for retired employees. It confirms that both EPS-95 pension and NPS annuity income are eligible for the standard deduction of ₹50,000. This means you can reduce your taxable pension income by this amount each year.

Yes. SD can be claimed from monthly pension annuity.

Thank you for the above clarification.

Most Welcome...                          

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