{"id":2819,"date":"2020-06-08T12:27:04","date_gmt":"2020-06-08T06:57:04","guid":{"rendered":"https:\/\/www.finsafe.in\/financial-wellness\/?page_id=2819"},"modified":"2022-11-18T12:40:26","modified_gmt":"2022-11-18T07:10:26","slug":"april-2020-monthly-updates","status":"publish","type":"page","link":"https:\/\/www.finsafe.in\/financial-wellness\/april-2020-monthly-updates\/","title":{"rendered":"Monthly Updates"},"content":{"rendered":"\t\t
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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. <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Particulars<\/td>\nOld<\/td>\nNew<\/td>\n<\/tr>\n
Partial withdrawal from NPS<\/td>\nAllowed for reasons like education, marriage, construction of house and critical illness.<\/td>\nAllowed for treatment of Covid-19 for self, spouse,children including legally adopted children and dependent parents.<\/td>\n<\/tr>\n
Tax Collected at Source (TCS)<\/td>\n\n
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  1. Tax to be collected at source on foreign exchange transactions from Apr1 2020<\/li>\n \t
  2. 5% Tax collected at source on remittances aggregating to Rs 7 lakhs or more in a financial year, with effect from Apr1 2020<\/li>\n<\/ol>\n<\/td>\n
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  1. Provisions on TCS to be applicable only from 1 October 2020.<\/li>\n \t
  2. TCS of 5% source on remittances which are in excess of Rs 7 lakhs in a financial year and not on total amount .<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
Health insurance premium payment in installments<\/td>\nHealth insurance premiums to be paid annually<\/td>\nOption available to pay health insurance premium monthly, quarterly, half yearly or annually.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n