Tax Relaxation under NPS

Last updated: 06 February 2017

The Finance Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the amount payable to the employee subscriber of NPS on his closure of account or his opting out of the scheme, shall be exempt from tax. Further, Finance Bill, 2017 has proposed to amend the Act to provide ex

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Category Income Tax   Report

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