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NPS TAX EXEMPTION
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...
Planning early retirement at 50 with a Rs 12.5 crore corpus? Expert explains how to generate Rs 2 lakh monthly incomeAn investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The exp...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Your retirement kitty is not tax-free in NPS, EPF and Superannuation funds: How outdated taxation is draining your savings, will Budget 2026 help?Indian retirement schemes are not fully tax-exempt as commonly believed. Contribution and growth limits mean many salaried individuals face...
Budget 2022 hikes tax exemption on employer’s NPS contribution for state govt staff to 14% from 10%Investment in National Pension System (NPS) is offers tax benefit under three different sections of the Income-tax Act, 1961.
Central govt staff can now save tax via NPS with only 3-year lock-inThe Finance Ministry announced that contribution made by the central government employees under the Tier-II of NPS will now be eligible for...
Govt contribution to NPS raised to 14%, withdrawal made tax freeUnder the NPS, the subscriber is eligible to withdraw 60% of the corpus. The remaining 40 per cent of the accumulated fund goes towards ann...
Budget 2018: Why government may make NPS corpus tax freeCurrently, NPS enjoys partial tax exemption on the maturity amount while the annuities remains fully taxable in the year of receipt.
Tax parity for NPS and EPF members is a welcome stepIdeally, savings should be taxed at the time of withdrawal only when the money is not ploughed back into another saving product.
Industry hails proposal for tax benefit on NPS schemeEven as the pension fund industry waits eagerly for any possible changes on tax benefits on pension investment in the Budget proposals, the...
Modi government planning to give NPS a tax-exemption status like provident fund7th Pay Commission in its report submitted on Thursday had recommends Exempt Exempt Exempt (EEE) status for NPS to be at par with other pen...
Full tax exemption for NPS: Jayant Sinha says assessing revenue lossThe government will have to assess the possible revenue loss before providing greater tax incentives to the National Pension System, Minist...
Tax treatment of Atal Pension scheme unclear, says PFRDAThe tax treatment of the recently launched Atal Pension Yojana lacks clarity and even the country's pension fund regulator PFRDA itself is ...
NPS needs to offer equal tax treatment to all irrespective of nature of employmentThe problem with taxation of withdrawals under the National Pension System is not that it’s confusing, but that it may not be fair.
Budget: Investment in NPS will get tax exemptionContributions to NPS are expected to be clubbed in the cumulative savings up to Rs 1 lakh exempted from tax under Section 80 C of the Incom...