Extending the benefit of tax-free withdrawal from NPS to non-employee subscribers

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..... Extending the benefit of tax-free withdrawal from NPS to non-employee subscribers - Budget Dated:- 5-2-2018 - News - Extending the benefit of tax-free withdrawal from NPS to non-employee subscriber .....

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..... s Under the existing provisions of the clause (12A) of section 10 of the Act, an employee contributing to the NPS is allowed an exemption in respect of 40% of the total amount payable to him on .....

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..... closure of his account or on his opting out. This exemption is not available to non-employee subscribers. In order to provide a level playing field, it is proposed to amend clause (12A) of section 10 .....

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..... of the Act to extend the said benefit to all subscribers. This amendment will take effect, from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-20 and subsequ .....

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..... ent assessment years. [ Clause 5 ] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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