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Centre introduces provision of taxation on NPS in Income Tax Act Press Information Bureau Government Of India Ministry Of Defence Dated: 11-04-2017 Tax on NPS The provision that the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 ('Act') vide Finance Act, 2016 by inserting clause (12A) in … [Read more...] about Centre introduces provision of taxation on NPS in Income Tax Act