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Tax Relaxation under NPS

News and Press Release - Dated:- 3-2-2017 - 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 .....

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Regulatory and Development Authority Act, 2013 and regulations made there under, to the extent it does not exceed twenty five per cent of the contributions made by him. There was no proposal for tax relaxation from Securities and Exchange Board of I .....

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