As of 4 November 2026, under the Income-tax Act, 2025, what is the aggregate annual…
The aggregate annual threshold is Rs. 7.5 lakh. Employer contributions to a recognised provident fund, the National Pension System and an approved superannuation fund above…
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As of 4 November 2026, under the Income-tax Act, 2025, what is the aggregate annual employer-contribution threshold for a recognised provident fund, NPS and an approved superannuation fund above which the excess is taxable as a perquisite?
Answer and explanation
Correct answer D
The aggregate annual threshold is Rs. 7.5 lakh. Employer contributions to a recognised provident fund, the National Pension System and an approved superannuation fund above this combined threshold are taxable as a perquisite under the Income-tax Act, 2025; this is not a separate allowance for each fund.
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Gujarat SET (GSET)