https://www.taxtmi.com/news?id=22071 Overseas Citizens of India are permitted to enroll in the National Pension System on par with Non Resident Indians, subject to eligibility under the PFRDA Act and FEMA guidelines; annuity payments and accumulated savings are repatriable. NPS contributions qualify for an additional income tax deduction over and above existing pension deductions, and the Union Budget increased the tax exempt portion of lumpsum withdrawals on exit while the remaining corpus is required to be used to purchase an annuity. en-us Wed, 30 Oct 2019 16:38:38 +0530 Wed, 30 Oct 2019 16:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22071 Overseas Citizens of India are permitted to enroll in the National Pension System on par with Non Resident Indians, subject to eligibility under the PFRDA Act and FEMA guidelines; annuity payments and accumulated savings are repatriable. NPS contributions qualify for an additional income tax deduction over and above existing pension deductions, and the Union Budget increased the tax exempt portion of lumpsum withdrawals on exit while the remaining corpus is required to be used to purchase an annuity. News - Wed, 30 Oct 2019 16:38:38 +0530 https://www.taxtmi.com/news?id=22071