Section mapper · Allowances and exempt receipts
Section 10(12A) of the Income-tax Act, 1961 is now
section 11 of the Income-tax Act, 2025
The 60% of your NPS corpus you can take out tax-free at exit.
- Was
s.10(12A), Income-tax Act, 1961 (repealed)- Is now
s.11 read with Schedule II (Table: Sl. No. 6), Income-tax Act, 2025- In force from
What changed
Moved into a schedule. Serial number 6 of the Schedule II table carries the rule and its two conditions: the payment must be on closure of the account or on opting out of the pension scheme referred to in section 124, and it must not exceed 60% of the total amount payable at that point.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.10(12B) → s.11 — Partial NPS withdrawal before retirement — the 25% limit
- s.80CCD → s.124 — NPS deductions — the employee, the extra ₹50,000 and the employer share
- s.80CCD(1B) → s.124 — The extra ₹50,000 NPS deduction