Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS tax benefits - The Economic Times

Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS tax benefits - The Economic Times

India's ITR 'Nature of Employment' field determines tax benefit availability (gratuity, commuted pension, leave encashment); government staff get full exemptions while others face Rs 20–25 lakh limits. For taxpayers, correct classification during ITR filing is critical to avoid unexpected demands and loss of material exemptions.