Is Govt. contribution to the Employee by Employer under New Pension Scheme is Taxable?

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The New Pension Scheme (NPS) has become operational since 1st January, 2004 and is mandatory for all new recruits to the Central Government Services from 1st January, 2004. Since then it has been opened to employees of State Governments, Private Sector and Self Employed (both organized and unorganized).P.VENKATA SIVA RAO, Banglore asks “Is Govt. contribution to the Employee by Employer under New Pension Scheme is Taxable?”

About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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