NPS Monthly pension

Arpit (Student) (141 Points)

16 August 2022

Hello experts,

The monthly annuity received under NPS are taxable under which head- Salary or IFOS?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167415 Points)
Replied 16 August 2022

Income From Other Sources...

4 Like

suma sharma (12 Points)
Replied 16 August 2022

Salaries

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 16 August 2022

Income from Other Sources , however if amount is material enough, you can also declare it under Income from Salaries.

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Arpit (Student) (141 Points)
Replied 19 August 2022

@ Ca Rashmi Gandhi mam, even if it is received from bank, can we show it under salary?

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 23 August 2022

Yes you can show it.

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