NPS Deduction Rs. 50000/-

Share This Thread
  1. Ranbir Singh

    Ranbir Singh New Member


    My father is going to retire in the month of August'2016 at the age of 60 year. His taxable income is 4.5 lac for this year..
    I have heared that if the NPS corpus of individual is less than 2 lac, there is no need to take the annuity and 100% of corpus can be withdraw after reaching the age of 60 which can further be extendable upto 10 year also...

    Is above statement is correct...Is this advisable for him to claim the additional saving of 50,000 towards nps in this year and next year too... thx Ranbir
Draft saved Draft deleted
Similar Threads Forum Date
Deductions U/s.57 Income Tax Aug 26, 2018
standard deduction 40000/- Income Tax Aug 20, 2018
tax deduction for LIC Deposit, Self occupied house Property tax Income Tax Apr 10, 2018
Query Regarding Standard Deduction Income Tax Apr 10, 2018
income tax deduction (TDS) on payment of new home Income Tax Mar 9, 2018