14) In April 2020, partial withdrawal from NPS has been allowed for Covid-19 treatment purpose as well. Also health insurance premiums can now be paid in monthly, quarterly and half yearly instalments as part of Covid-19 relief measures.
Particulars | Old | New |
Partial withdrawal from NPS | Allowed for reasons like education, marriage, construction of house and critical illness. | Allowed for treatment of Covid-19 for self, spouse,children including legally adopted children and dependent parents. |
Tax Collected at Source (TCS) |
|
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Health insurance premium payment in installments | Health insurance premiums to be paid annually | Option available to pay health insurance premium monthly, quarterly, half yearly or annually. |
Index
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