https://www.taxtmi.com/news?id=15809 Proposals change tax treatment of retirement benefits: a tax exemption for partial withdrawal of pension corpus at retirement under NPS and a corresponding 40% tax free corpus treatment for superannuation and recognized provident funds (for contributions after 1 April 2016); annuity payments passing to legal heirs will be non taxable; employer contributions to recognized provident and superannuation funds will be subject to a monetary ceiling for tax benefit; and service tax relief is proposed for NPS annuity services, EPFO services and certain single premium annuity policies. en-us Mon, 29 Feb 2016 17:37:55 +0530 Mon, 29 Feb 2016 17:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15809 Proposals change tax treatment of retirement benefits: a tax exemption for partial withdrawal of pension corpus at retirement under NPS and a corresponding 40% tax free corpus treatment for superannuation and recognized provident funds (for contributions after 1 April 2016); annuity payments passing to legal heirs will be non taxable; employer contributions to recognized provident and superannuation funds will be subject to a monetary ceiling for tax benefit; and service tax relief is proposed for NPS annuity services, EPFO services and certain single premium annuity policies. News - Mon, 29 Feb 2016 17:37:55 +0530 https://www.taxtmi.com/news?id=15809