Financial Planning · Income Tax · Retirement Planning

Budget 2017- New Benefits announced for NPS Subscribers

In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. (i) Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of the Income Tax Act, 1961  provides that payment from… Continue reading Budget 2017- New Benefits announced for NPS Subscribers