Tax + Estate Planning

Nri Parent Indian Pension Epf Vpf Gratuity Leave Encashment...

Complete 2026 guide for NRI / OCI senior parents holding or inheriting Indian Pension + EPF (Employees Provident Fund) + VPF (Voluntary Provident Fund) + Gratuity +...

Updated 27 Jun 2026|30 min read
Video briefing
Use this planning checkpoint to turn the move into a dated execution sequence. Watch source
NRI parent senior 60+ Indian Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + Tier 2 + APY + family pension matrix with Section 10(10AA) + Section 10(10C) + Section 17 + Section 89 + Section 80CCD(1B) + Section 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate India 2026.

Critical: Indian Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + Tier 2 + APY held by NRI / OCI / US person — Section 10(10AA) gratuity exempt + Section 10(10C) VRS exempt + FEMA prior RBI approval for NRI repatriation + Form 8938 FATCA for foreign pension

Indian Pension + EPF (Employees Provident Fund) + VPF (Voluntary Provident Fund) + Gratuity + Leave Encashment + NPS (National Pension System) Tier 1 + Tier 2 + APY (Atal Pension Yojana) + family pension held by NRI / OCI senior 60+ parent are classified as financial assets per FEMA 1999 + Income Tax Act 1961. Section 10(10AA) gratuity exempt up to INR 20 lakh (for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt). Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh (for employees of PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962). Section 17 salary income + EPF contribution 12% employer + 12% employee on basic salary + DA per EPF Act 1952 Section 5A + Section 6. Section 89 salary relief (relief when salary / arrear salary received in lump sum due to retrospective pay commission revision / VRS / advance salary) per Section 89(1) + Form 10E mandatory. Form 19 PF final settlement claim after retirement / resignation / death (PF accumulation including employer + employee + VPF contribution + interest credited at EPFO notified rate — currently 8.15% for FY 2024-25 + 8.25% for FY 2023-24). Form 10C EPS pension withdrawal claim — pension corpus can be withdrawn only after 10 years of service + employee must be below 58 years OR withdrawing before 58 forfeits pension benefit. Form 13 PF transfer from one employer to another (UAN-based — Universal Account Number; PF transfer via EPFO Member Portal). Section 80CCD(1) NPS Tier 1 employer contribution 14% of basic + DA for central / state government + Section 80CCD(1B) NPS Tier 1 self-contribution additional INR 50,000 over and above Section 80C cap. Section 23(5AA)/(5ABA) family pension for nominees + Form 10D family pension claim. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention + 10-year US/UK/CA/AU retention + FEMA compounding penalty up to 3x per FEMA 1999 Section 13. DTAA Article 11 interest (EPF interest typically 15% withholding in DTAA; lower per Article 11(2) if Article limits differ) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service + Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(5) limitation of benefits + panchnama if AO suspects non-genuine treaty claim.

NRI Parent Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + APY + Family Pension Stack for Senior 60+ Parent Estate India 2026

Senior 60+ Parent Estate | NRI / OCI / US Person | India Pension EPF VPF Gratuity Leave Encashment NPS APY | Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA)

Full Section 10(10AA) gratuity exempt INR 20 lakh + Section 10(10C) VRS exempt INR 5 lakh + Section 17 salary + Section 89 salary relief + Section 80CCD(1B) NPS Tier 1 additional INR 50,000 + Section 23(5AA)/(5ABA) family pension + Form 19 PF final settlement + Form 10C EPS pension + Form 13 PF transfer + Form 10D family pension + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA Article 11 + 17 + 18 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding stack for senior 60+ parent estate NRI / OCI / US person Indian Pension — covering EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + Tier 2 + APY + family pension + EDLIS death benefit — applied across working life + retirement + VRS + death claim + nominee transfer + family pension claim + repatriation + compliance.

Section 10(10AA) gratuity exempt up to INR 20 lakh — for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt

Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh — for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962

Section 17 salary income + EPF contribution 12% employer + 12% employee on basic salary + DA per EPF Act 1952 Section 5A + Section 6

Section 89 salary relief when salary / arrear salary / VRS received in lump sum due to retrospective pay commission revision; Form 10E mandatory per Section 89(1)

Form 19 PF final settlement claim after retirement / resignation / death; PF accumulation includes employer + employee + VPF contribution + interest at EPFO notified rate (8.15% FY 2024-25)

Form 10C EPS pension withdrawal claim — pension corpus withdrawable only after 10 years of service + below 58 years; withdrawing before 58 forfeits pension benefit

Form 13 PF transfer from one employer to another (UAN-based — Universal Account Number; EPFO Member Portal)

Section 80CCD(1) NPS Tier 1 employer contribution 14% of basic + DA for central / state government

Section 80CCD(1B) NPS Tier 1 self-contribution additional INR 50,000 over and above Section 80C cap

Section 23(5AA)/(5ABA) family pension for nominees + Form 10D family pension claim + EDLIS 1976 death benefit

FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention + 10-year US/UK/CA/AU retention + FEMA compounding penalty up to 3x

DTAA Article 11 interest (EPF interest typically 15% withholding) + Article 17 pension + Article 18 social security / government service

Section 90(4) 8-year retention of TRC + Form 67 mandatory; CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama

Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + Section 6662/6663/6677

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1) + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO + 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026 matrix

MechanismSection + rate + TDSSenior 60+ parent estate treatmentFEMA + DTAA interactionBlack Money Act + Form 3520 angle
EPF (Employees Provident Fund) — 12% employer + 12% employee + VPF top-up + EPFO interest 8.15% FY 2024-25Section 17 salary income + Section 80C EPF employee contribution (INR 1.5 lakh cap overall including PPF + SCSS + 5-year FD + ELSS + tuition + home loan principal + life insurance + Section 80CCC + 80CCD(1)); Section 10(15)(iv)(i) EPF interest exempt (debated — typically EPF interest > INR 5,000 / year taxed; FY 2020-21 onwards EPF interest taxable if employer contribution > INR 7.5 lakh / year per CBDT Notification 14/2020); Section 192 salary TDS + Form 16ASenior 60+ parent NRI / OCI receives EPF accumulation via Form 19 + Form 10C + Form 13 transfer; nominee receives via Form 19 after death; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for EPF — typically not applicable per CBDT Circular 6/2016 narrow reading; nominee claim without succession certificate for amount up to EPFO notified limit); Section 49(1)/(2) cost of acquisition inherited for EPF transferred at deathFEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention (debated for EPF — RBI Circular 47/2015 + 12/2015 typically exempts PF withdrawal from NRO retention rule); FEMA compounding penalty up to 3x per FEMA 1999 Section 13; DTAA Article 11 interest (15% withholding); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year; FBAR FinCEN 114 if foreign pension account > USD 10K; Form 3520 if foreign grantor trust holds pension; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
VPF (Voluntary Provident Fund) — employee top-up beyond 12% EPF — up to 100% of basic + DA — same EPF Act 1952 rulesSection 80C VPF contribution (INR 1.5 lakh cap overall); Section 10(15)(iv)(i) VPF interest exempt (debated); Section 17 salary; Section 192 salary TDSSenior 60+ parent NRI / OCI receives VPF accumulation via Form 19 + Form 10C at retirement / death; same nominee / succession rules as EPFFEMA USD 1M / year LRS + 7-year NRO retention (debated — typically exempts PF withdrawal from NRO retention); FEMA compounding penalty up to 3x; DTAA Article 11 interest (15% withholding); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds VPF; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Gratuity — Section 4(3) INR 20 lakh ceiling + 5 years minimum service per Payment of Gratuity Act 1972Section 10(10AA) gratuity exempt up to INR 20 lakh (for non-government employees covered under Payment of Gratuity Act 1972); central / state government employees fully exempt; Section 17 salary; Section 192 salary TDSSenior 60+ parent NRI / OCI receives gratuity via employer on retirement / superannuation / death / disability per Payment of Gratuity Act 1972 Section 4; Form F gratuity application; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative; Section 49(1)/(2) cost of acquisition inherited for gratuity transferred at deathFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated — typically exempts gratuity from NRO retention per RBI Circular 47/2015); FEMA compounding penalty up to 3x; DTAA Article 11 interest (typically NOT applicable to gratuity lump sum — debated); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year; FBAR FinCEN 114 if foreign gratuity account > USD 10K; Form 3520 if foreign grantor trust holds gratuity; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Leave Encashment — earned leave + sick leave + casual leave accumulated at retirement / resignation / deathSection 10(10AA)(i) leave encashment exempt for government employees (central / state); Section 10(10AA)(ii) leave encashment for non-government employees exempt up to INR 25 lakh (with FBP ceiling per CBDT Circular); Section 17 salary for taxable portion; Section 192 salary TDSSenior 60+ parent NRI / OCI receives leave encashment via employer on retirement / resignation / death; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative; Section 49(1)/(2) cost of acquisition inherited for leave encashment transferred at deathFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated); FEMA compounding penalty up to 3x; DTAA Article 11 interest (typically NOT applicable); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds leave encashment; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh (for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962)Section 10(10C) VRS exempt up to INR 5 lakh; Section 17 salary for taxable portion; Section 89 salary relief (when VRS received in lump sum; Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962); Section 192 salary TDSSenior 60+ parent NRI / OCI receives VRS compensation via employer; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for VRS — typically not applicable per CBDT Circular 6/2016 narrow reading); Section 49(1)/(2) cost of acquisition inherited for VRS transferred at deathFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated); FEMA compounding penalty up to 3x; DTAA Article 11 interest (typically NOT applicable); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds VRS; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
NPS Tier 1 — mandatory for central / state government employees (joined after 01-01-2004); voluntary for others; PFRDA Act 2013Section 80CCD(1) NPS Tier 1 employer 14% of basic + DA for central / state government (10% for others); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap; Section 80CCD(2) employer contribution above 14% taxable; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules); Section 17 salary; Section 192 salary TDSSenior 60+ parent NRI / OCI receives NPS Tier 1 corpus at retirement / exit / death; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for NPS); Section 49(1)/(2) cost of acquisition inherited for NPS Tier 1 transferred at death; partial annuity purchase mandatory 40% / 80% at retirement per PFRDA exit rulesFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated for NPS — typically NPS withdrawal treated as pension / annuity per FEMA 1999 + RBI Master Direction 2024); FEMA compounding penalty up to 3x; DTAA Article 11 interest (annuity component) + Article 17 pension; Section 90(4) 8-year TRC + Form 67Form 8938 FATCA required if foreign NPS / annuity held by US person > USD 50K end-of-year; FBAR FinCEN 114 if foreign NPS account > USD 10K; Form 3520 if foreign grantor trust holds NPS; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
NPS Tier 2 — voluntary savings account linked to NPS Tier 1; freely withdrawable; not eligible for Section 80CCD deduction (except Tier 2 employer contribution for central / state government employees)Section 80CCD(2) NPS Tier 2 employer contribution for central / state government employees taxable as salary; Section 17 salary; Section 192 salary TDS; no Section 80CCD(1B) benefit for Tier 2 self-contributionSenior 60+ parent NRI / OCI receives NPS Tier 2 corpus freely; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated); Section 49(1)/(2) cost of acquisition inherited for NPS Tier 2 transferred at deathFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated); FEMA compounding penalty up to 3x; DTAA Article 11 interest; Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds NPS Tier 2; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
APY (Atal Pension Yojana) — government-backed pension scheme for unorganised sector; subscriber age 18-40; guaranteed monthly pension INR 1,000-5,000 from age 60Section 80CCD(1B) APY self-contribution additional INR 50,000 over and above Section 80C cap (debated for APY — typically applicable); Section 17 salary (typically NOT applicable as APY is voluntary); Section 10(12A) APY pension partial exempt at retirement (debated)Senior 60+ parent NRI / OCI receives APY monthly pension from age 60; Section 23(5AA)/(5ABA) family pension for nominee; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated); Section 49(1)/(2) cost of acquisition inherited for APY transferred at deathFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated for APY — typically APY treated as pension / annuity per FEMA 1999); FEMA compounding penalty up to 3x; DTAA Article 11 interest (annuity component) + Article 17 pension; Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds APY; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Family Pension — Section 23(5AA)/(5ABA) for nominee on death of employee; paid monthly / quarterly by employer / EPFO / insurance companySection 23(5AA) family pension fully exempt for armed forces + Section 10(14) family pension for gallantry award winners; Section 23(5ABA) family pension for non-armed forces fully exempt up to notified limit + taxable above; Section 17 salary (typically NOT applicable as family pension is post-death benefit)Senior 60+ parent NRI / OCI family receives family pension via employer / EPFO / insurance company on death of employee; Form 10D family pension claim; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative; Section 49(1)/(2) cost of acquisition inherited for family pension transferred at death of nomineeFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated — typically family pension treated as Indian-source pension per FEMA 1999); FEMA compounding penalty up to 3x; DTAA Article 11 interest (annuity component) + Article 17 pension; Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds family pension; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962 — relief when salary / arrear salary received in lump sum due to retrospective pay commission revision / VRS / advance salarySection 89 salary relief (tax relief for lump-sum salary / arrear / VRS / advance salary in year of receipt; computed per R 21A of Income Tax Rules 1962; Form 10E must be filed with ITR; no TDS credit if Form 10E not filed)Senior 60+ parent NRI / OCI receives salary / arrear / VRS / advance salary in lump sum — Section 89 relief applies; Form 10E mandatory; Section 89 relief reduces tax incidence on lump-sum receiptFEMA USD 1M / year LRS + Form A2 + AD-1 + 7-year NRO retention (debated); FEMA compounding penalty up to 3x; DTAA Article 11 interest (typically NOT applicable); Section 90(4) 8-year TRC + Form 67Form 8938 FATCA + FBAR FinCEN 114 + Form 3520 if foreign grantor trust holds arrear salary; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Form 5471 CFCBlack Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 — 30% tax + 30% penalty (Section 10/11 BMA) on undisclosed foreign income + foreign assets; Form 3520 + Form 3520-A mandatory for foreign trust distribution + foreign trust ownership; Section 6048 reporting; Section 671-679 grantor trust classification; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Form 8938 FATCA required if foreign pension / annuity held abroad > USD 50K; FBAR FinCEN 114 if foreign pension account > USD 10KSenior 60+ parent estate inheriting foreign pension / annuity held by foreign trust (offshore pension trust in Cayman / Bermuda / Singapore) MUST file Form 3520 + Form 3520-A for foreign trust distribution; Form 8938 FATCA + FBAR FinCEN 114 + Form 5471 CFC separately; penalty up to USD 10,000 for non-compliance per IRC Section 6677; Section 6662 20-40% accuracy penalty; Section 6663 75% fraud penaltyFEMA NRO + AD-1 still applies for repatriation; Black Money Act + Form 3520 reported via ITR + Schedule FA + Schedule FSI + Schedule TR + Schedule CG — NO DTAA relief per Section 90(4A) exclusion; CBDT Notification 4/2015 + 5/2015 + 6/2015 + 8/2015 reportingForm 3520 + Form 3520-A + Form 8938 FATCA + FBAR FinCEN 114 + Form 5471 CFC + Form 8621 PFIC (if foreign pension fund) — aggregate reporting required; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty
Grantor trust + charitable remainder + Section 10(20/21/23BB) registered valuer + 23(5AA/5ABA) pension + 10(23C) charitableSection 671-679 grantor trust — pension / annuity held by foreign grantor trust for US person: grantor reports 100% trust income on Form 1040; Section 642/664 charitable remainder — donor retains interest + charity remainder; Form 5227 split-interest + Form 1041-A charitable trust; Section 10(20/21/23BB) registered valuer exempt + 23(5AA/5ABA) family pension + 10(23C) charitableSenior 60+ parent estate donor — Section 10(23C) charitable trust (Section 56(2)(vii) FULL EXEMPT for charity from specified relative per Section 56(2)(vii) proviso — debated for pension / annuity to charity); Section 642/664 charitable remainder trust with Form 5227 + Form 1041-A; Section 671-679 foreign grantor trust; Section 678 beneficiary treated as owner; Section 679 foreign grantor with US beneficiaryFEMA — charitable donation of pension / annuity by NRI subject to FEMA prior RBI approval per FEMA 1999 Section 4 + FEMA Master Direction; FEMA — foreign grantor trust creation requires prior RBI approval per FEMA 1999 Section 10(4)Form 1040 + Schedule E + Form 5227 split-interest + Form 1041 trust + Form 3520 + Form 3520-A + Form 8938 FATCA + FBAR FinCEN 114 + Form 5471 CFC + Section 6662 20-40% + Section 6663 75% + Section 6677
FEMA NRO + 7y + 10y retention + repatriation + pension / annuity repatriationFEMA 1999 Section 6(3) + Schedule 1 + RBI Master Direction 2024 — NRI may hold inherited pension / annuity + bank balance in NRO demat / bank account; 7-year Indian retention before repatriable for inherited pension / annuity (debated — typically pension / annuity treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); 10-year US/UK/CA/AU retention for inheritance from person domiciled there; FEMA NRO repatriation within USD 1M / year LRS after retention; pension / annuity income repatriation allowed immediately per FEMA 1999 + RBI Master Direction 2024 (no 7-year retention for pension / annuity)Senior 60+ parent estate heir inherits pension / annuity through inheritance — non-repatriable for 7 years (debated — typically pension / annuity repatriable immediately per RBI Circular 47/2015); after 7y, repatriation permitted within USD 1M / year LRS; AD-1 + Form A2 + CA certificate Form 15CB mandatory for > USD 5000 net after tax; FEMA compounding penalty up to 3x per FEMA 1999 Section 13; pension / annuity income repatriation allowed immediately (no 7-year retention)Section 195 + 192 + 194 + 195 r.w. 192 salary TDS credited against DTAA limit per Article 11 + 17 + 18; TRC + Form 67 mandatory per Section 90(4) 8-year retention + Section 90(5) panchnama; FEMA + DTAA both applicable; pension / annuity income repatriable immediately subject to Section 195 r.w. 192 TDS + Section 90 DTAAAll repatriation reportable in Form 8938 FATCA + FBAR FinCEN 114; Form 5471 CFC for foreign pension / annuity fund; Black Money Act 30% + 30% penalty for undisclosed foreign income / assets

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026 overview matrix

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026 overview matrix
Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding overview for senior 60+ parent estate

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + FEMA compounding stack for NRI parent senior 60+ parent estate

Step 1

Step 1

Identify pension / EPF / VPF / gratuity / leave encashment / NPS Tier 1 / Tier 2 / APY / family pension class for Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + 10C + 13 + 10D + EPF Act 1952 + EPS 1995 + FEMA + DTAA + Black Money Act 2015 + Form 3520 + Section 671-679 + Section 642/664 + FEMA NRO 7y + 10y retention

Step 2

Step 2

Establish service history + EPF contribution 12% employer + 12% employee per Section 5A + 6 EPF Act 1952 + VPF top-up + NPS Tier 1 14% employer for central / state government per Section 80CCD(1); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap; Section 80CCD(2) employer contribution above 14% taxable

Step 3

Step 3

Compute Section 10(10AA) gratuity exempt INR 20 lakh + Section 10(10AA)(i) leave encashment exempt for government + Section 10(10AA)(ii) leave encashment exempt INR 25 lakh (non-government with FBP ceiling per CBDT); Section 10(10C) VRS exempt INR 5 lakh (PSU / statutory corporation per Section 10(10C)(i)/(iii)/(iv) + R 3(1))

Step 4

Step 4

Apply Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962; relief when salary / arrear salary / VRS / advance salary received in lump sum; reduce tax incidence on lump-sum receipt

Step 5

Step 5

File Form 19 PF final settlement + Form 10C EPS pension withdrawal + Form 13 PF transfer via UAN Universal Account Number EPFO Member Portal + Form 10D family pension claim; EPFO notified rate currently 8.15% FY 2024-25 + 8.25% FY 2023-24

Step 6

Step 6

Apply Section 23(5AA)/(5ABA) family pension for nominee + EDLIS 1976 death benefit; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules)

Step 7

Step 7

Apply FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 — NRI repatriation of pension / EPF withdrawal subject to Form A2 + AD-1; 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); 10-year US/UK/CA/AU retention for inheritance from person domiciled there; FEMA compounding penalty up to 3x per FEMA 1999 Section 13

Step 8

Step 8

Apply DTAA Article 11 interest (EPF interest typically 15% withholding) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama if AO suspects non-genuine treaty claim; Section 285BA AIR + Form 61A

Step 9

Step 9

Apply Black Money Act 2015 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A for foreign trust distribution / ownership + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership

Step 10

Step 10

Apply Section 671-679 grantor trust classification (pension / annuity held by foreign grantor trust for US person: grantor reports 100% trust income on Form 1040) + Section 642/664 charitable remainder (donor retains interest + charity remainder with Form 5227 split-interest + Form 1041-A charitable trust) + Section 6662 20-40% accuracy penalty + Section 6663 75% fraud penalty + Section 6677 USD 10,000 foreign trust penalty; Section 10(20/21/23BB) registered valuer exempt + Section 23(5AA/5ABA) family pension + Section 10(23C) charitable

Step 11

Step 11

File ITR + Schedule S (Salary) + Schedule FA (Foreign Assets) + Schedule FSI (Foreign Source Income) + Schedule TR (Tax Relief) + Form 26AS + Form 16A + Form 10E (Section 89) + Form 67 (DTAA) + Section 90(4) 8-year retention; update EPFO Member Portal + UAN Universal Account Number + PFRDA CRA (Central Recordkeeping Agency) — NSDL CRA / Karvy CRA; FEMA NRO + 7y + 10y retention debated; AD-1 + Form A2 + CA certificate Form 15CB + FEMA ED RBI Master Direction 2024 + EDLIS 1976 death benefit claim

Need help with this?

Share your blocker in one line. Our experts will reply with practical next steps.

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026 flow

Step 1

Step 1

Section 10(10AA) gratuity exempt up to INR 20 lakh — for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt per Section 10(10AA)(i); Form F gratuity application; 5 years minimum service

Step 2

Step 2

Section 10(10AA)(i) leave encashment exempt for central / state government employees; Section 10(10AA)(ii) leave encashment exempt for non-government employees up to INR 25 lakh with FBP ceiling per CBDT Circular; Section 17 salary for taxable portion

Step 3

Step 3

Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh — for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962; Section 89 salary relief + Form 10E

Step 4

Step 4

Section 17 salary income + Section 192 salary TDS + Section 195 NRI TDS at applicable rate + DTAA rate; Section 80CCD(1) NPS Tier 1 employer 14% of basic + DA for central / state government; Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap

Step 5

Step 5

Form 19 PF final settlement claim after retirement / resignation / death; PF accumulation includes employer + employee + VPF contribution + interest credited at EPFO notified rate (8.15% FY 2024-25 + 8.25% FY 2023-24); Form 13 PF transfer via UAN Universal Account Number EPFO Member Portal

Step 6

Step 6

Form 10C EPS pension withdrawal — pension corpus withdrawable only after 10 years of service + employee must be below 58 years; withdrawing before 58 forfeits pension benefit; Form 10D family pension claim on death of employee

Step 7

Step 7

FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + CA certificate Form 15CB; 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); FEMA compounding penalty up to 3x per FEMA 1999 Section 13

Step 8

Step 8

DTAA Article 11 interest (EPF interest typically 15% withholding; lower per Article 11(2) if Article limits differ) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory

Step 9

Step 9

Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership

Step 10

Step 10

Section 671-679 grantor trust classification (pension / annuity held by foreign grantor trust for US person: grantor reports 100% trust income on Form 1040) + Section 642/664 charitable remainder (donor retains interest + charity remainder with Form 5227 split-interest + Form 1041-A charitable trust) + Section 6662 20-40% accuracy penalty + Section 6663 75% fraud penalty + Section 6677 USD 10,000 foreign trust penalty; Section 10(20/21/23BB) registered valuer exempt + Section 23(5AA/5ABA) family pension + Section 10(23C) charitable

Step 11

Step 11

File ITR + Schedule S + Schedule FA + Schedule FSI + Schedule TR + Form 26AS + Form 16A + Form 10E (Section 89) + Form 67 (DTAA) + Section 90(4) 8-year retention; update EPFO Member Portal + UAN Universal Account Number + PFRDA CRA; FEMA NRO + 7y + 10y retention debated; AD-1 + Form A2 + CA certificate Form 15CB + FEMA ED RBI Master Direction 2024 + EDLIS 1976 death benefit claim

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026

Senior 60+ parent estate NRI / OCI parent Indian pension / EPF / VPF / gratuity / leave encashment / NPS Tier 1 + Tier 2 / APY / family pension — governed by the heaviest employment-benefit compliance stack in the personal finance book. Section 17 salary + Section 89 salary relief + Section 10(10AA) gratuity exempt + Section 10(10C) VRS exempt + Section 80CCD(1B) NPS Tier 1 additional INR 50,000 + Section 23(5AA)/(5ABA) family pension + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA Article 11 + 17 + 18 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding all converge on a single benefit file. Section 17 salary income includes EPF contribution 12% employer + 12% employee on basic salary + DA per EPF Act 1952 Section 5A + Section 6; VPF (Voluntary Provident Fund) top-up beyond 12% EPF — up to 100% of basic + DA — same EPF Act 1952 rules; Section 80C EPF + VPF + PPF + SCSS + 5-year tax-saver FD + ELSS + tuition fees + home loan principal + life insurance premium + Section 80CCC + 80CCD(1) all compete for INR 1.5 lakh cap overall. Section 10(10AA) gratuity exempt up to INR 20 lakh (for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt); 5 years minimum service per Payment of Gratuity Act 1972 Section 4; Section 10(10AA)(i) leave encashment exempt for government employees; Section 10(10AA)(ii) leave encashment exempt for non-government employees up to INR 25 lakh with FBP ceiling per CBDT Circular. Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962; Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962 — relief when salary / arrear salary / VRS / advance salary received in lump sum due to retrospective pay commission revision / VRS / advance salary.

Senior 60+ parent NRI / OCI Indian NPS Tier 1 — mandatory for central / state government employees (joined after 01-01-2004) + voluntary for others + PFRDA Act 2013. Section 80CCD(1) NPS Tier 1 employer contribution 14% of basic + DA for central / state government (10% for others); Section 80CCD(1B) NPS Tier 1 self-contribution additional INR 50,000 over and above Section 80C cap (debated — typically applicable to NPS Tier 1 self-contribution only); Section 80CCD(2) employer contribution above 14% taxable; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules). Section 23(5AA) family pension for armed forces fully exempt + Section 10(14) family pension for gallantry award winners; Section 23(5ABA) family pension for non-armed forces fully exempt up to notified limit + taxable above; Form 10D family pension claim on death of employee. Form 19 PF final settlement claim after retirement / resignation / death (PF accumulation includes employer + employee + VPF contribution + interest credited at EPFO notified rate — currently 8.15% for FY 2024-25 + 8.25% for FY 2023-24); Form 10C EPS pension withdrawal claim — pension corpus withdrawable only after 10 years of service + employee must be below 58 years OR withdrawing before 58 forfeits pension benefit; Form 13 PF transfer from one employer to another (UAN-based — Universal Account Number; PF transfer via EPFO Member Portal); EDLIS 1976 death benefit (Employees Deposit Linked Insurance Scheme). Senior 60+ parent heir receiving pension / EPF / gratuity / NPS inherits nominee rights per Section 39 of EPF Act 1952 (nominee receives PF + EDLIS) + Form 2 + Form 11 declaration; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for EPF — typically not applicable per CBDT Circular 6/2016 narrow reading); Section 49(1)/(2) cost of acquisition inherited for EPF + Gratuity + NPS transferred at death.

Senior 60+ parent NRI / OCI Indian APY (Atal Pension Yojana) — government-backed pension scheme for unorganised sector; subscriber age 18-40; guaranteed monthly pension INR 1,000-5,000 from age 60; Section 80CCD(1B) APY self-contribution additional INR 50,000 over and above Section 80C cap (debated for APY — typically applicable); Section 17 salary (typically NOT applicable as APY is voluntary); Section 10(12A) APY pension partial exempt at retirement (debated). Senior 60+ parent heir receiving APY family pension inherits nominee rights; Section 23(5AA)/(5ABA) family pension for nominee; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated); Section 49(1)/(2) cost of acquisition inherited for APY transferred at death. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); 10-year US/UK/CA/AU retention for inheritance from person domiciled there; FEMA compounding penalty up to 3x per FEMA 1999 Section 13. DTAA Article 11 interest (EPF interest typically 15% withholding in DTAA; lower per Article 11(2) if Article limits differ) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) limitation of benefits + panchnama if AO suspects non-genuine treaty claim; Section 285BA AIR + Form 61A. Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Black Money Act 2015 + Form 3520 + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + FEMA NRO 7y + 10y retention + FEMA compounding steps for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026

Step 1

Step 1

Identify pension / EPF / VPF / gratuity / leave encashment / NPS Tier 1 + Tier 2 / APY / family pension class for Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + 10C + 13 + 10D + EPF Act 1952 + EPS 1995 + FEMA + DTAA + Black Money Act 2015 + Form 3520 + Section 671-679 + Section 642/664 + FEMA NRO 7y + 10y retention

Step 2

Step 2

Establish service history + EPF contribution 12% employer + 12% employee per Section 5A + 6 EPF Act 1952 + VPF top-up + NPS Tier 1 14% employer for central / state government per Section 80CCD(1); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap; Section 80CCD(2) employer contribution above 14% taxable

Step 3

Step 3

Compute Section 10(10AA) gratuity exempt INR 20 lakh + Section 10(10AA)(i) leave encashment exempt for government + Section 10(10AA)(ii) leave encashment exempt INR 25 lakh (non-government with FBP ceiling per CBDT); Section 10(10C) VRS exempt INR 5 lakh (PSU / statutory corporation per Section 10(10C)(i)/(iii)/(iv) + R 3(1))

Step 4

Step 4

Apply Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962; relief when salary / arrear salary / VRS / advance salary received in lump sum; reduce tax incidence on lump-sum receipt

Step 5

Step 5

File Form 19 PF final settlement + Form 10C EPS pension withdrawal + Form 13 PF transfer via UAN Universal Account Number EPFO Member Portal + Form 10D family pension claim; EPFO notified rate currently 8.15% FY 2024-25 + 8.25% FY 2023-24

Step 6

Step 6

Apply Section 23(5AA)/(5ABA) family pension for nominee + EDLIS 1976 death benefit; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules)

Step 7

Step 7

Apply FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 — NRI repatriation of pension / EPF withdrawal subject to Form A2 + AD-1; 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); 10-year US/UK/CA/AU retention for inheritance from person domiciled there; FEMA compounding penalty up to 3x per FEMA 1999 Section 13

Step 8

Step 8

Apply DTAA Article 11 interest (EPF interest typically 15% withholding) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama if AO suspects non-genuine treaty claim; Section 285BA AIR + Form 61A

Step 9

Step 9

Apply Black Money Act 2015 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A for foreign trust distribution / ownership + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership

Step 10

Step 10

Apply Section 671-679 grantor trust classification (pension / annuity held by foreign grantor trust for US person: grantor reports 100% trust income on Form 1040) + Section 642/664 charitable remainder (donor retains interest + charity remainder with Form 5227 split-interest + Form 1041-A charitable trust) + Section 6662 20-40% accuracy penalty + Section 6663 75% fraud penalty + Section 6677 USD 10,000 foreign trust penalty; Section 10(20/21/23BB) registered valuer exempt + Section 23(5AA/5ABA) family pension + Section 10(23C) charitable

Step 11

Step 11

File ITR + Schedule S (Salary) + Schedule FA (Foreign Assets) + Schedule FSI (Foreign Source Income) + Schedule TR (Tax Relief) + Form 26AS + Form 16A + Form 10E (Section 89) + Form 67 (DTAA) + Section 90(4) 8-year retention; update EPFO Member Portal + UAN Universal Account Number + PFRDA CRA (Central Recordkeeping Agency) — NSDL CRA / Karvy CRA; FEMA NRO + 7y + 10y retention debated; AD-1 + Form A2 + CA certificate Form 15CB + FEMA ED RBI Master Direction 2024 + EDLIS 1976 death benefit claim

Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026 diagram

<svg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1200 720' font-family='system-ui,-apple-system,sans-serif'> <defs> <linearGradient id='grad-bg' x1='0' y1='0' x2='0' y2='1'> <stop offset='0%' stop-color='#B45309'/> <stop offset='100%' stop-color='#7C2D12'/> </linearGradient> <linearGradient id='grad-card' x1='0' y1='0' x2='0' y2='1'> <stop offset='0%' stop-color='#FFFFFF'/> <stop offset='100%' stop-color='#FEF3C7'/> </linearGradient> <linearGradient id='grad-pill' x1='0' y1='0' x2='1' y2='0'> <stop offset='0%' stop-color='#B45309'/> <stop offset='100%' stop-color='#7C2D12'/> </linearGradient> </defs> <rect width='1200' height='720' fill='url(#grad-bg)'/> <text x='600' y='52' font-size='28' font-weight='700' fill='#FFFFFF' text-anchor='middle'>NRI Parent Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Stack</text> <text x='600' y='80' font-size='16' font-weight='500' fill='#FEF3C7' text-anchor='middle'>Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + FEMA + DTAA + BMA + FATCA + FBAR</text> <rect x='80' y='110' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='240' y='138' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>PENSION / EPF / VPF</text> <text x='240' y='168' font-size='13' fill='#0F172A' text-anchor='middle'>12% employer + 12% employee</text> <text x='240' y='190' font-size='13' fill='#0F172A' text-anchor='middle'>VPF top-up 100% basic + DA</text> <text x='240' y='212' font-size='13' fill='#0F172A' text-anchor='middle'>EPFO interest 8.15% FY 24-25</text> <rect x='440' y='110' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='600' y='138' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>GRATUITY + LEAVE</text> <text x='600' y='168' font-size='13' fill='#0F172A' text-anchor='middle'>Section 10(10AA) INR 20 lakh</text> <text x='600' y='190' font-size='13' fill='#0F172A' text-anchor='middle'>Section 10(10AA)(ii) INR 25 lakh</text> <text x='600' y='212' font-size='13' fill='#0F172A' text-anchor='middle'>Payment of Gratuity Act 1972</text> <rect x='800' y='110' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='960' y='138' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>NPS + APY</text> <text x='960' y='168' font-size='13' fill='#0F172A' text-anchor='middle'>Section 80CCD(1) 14% employer</text> <text x='960' y='190' font-size='13' fill='#0F172A' text-anchor='middle'>Section 80CCD(1B) INR 50K</text> <text x='960' y='212' font-size='13' fill='#0F172A' text-anchor='middle'>PFRDA Act 2013</text> <rect x='80' y='270' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='240' y='298' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>SECTION 10(10C) VRS</text> <text x='240' y='328' font-size='13' fill='#0F172A' text-anchor='middle'>Exempt INR 5 lakh</text> <text x='240' y='350' font-size='13' fill='#0F172A' text-anchor='middle'>PSU / statutory corp</text> <text x='240' y='372' font-size='13' fill='#0F172A' text-anchor='middle'>Section 89 + Form 10E</text> <rect x='440' y='270' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='600' y='298' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>FORMS</text> <text x='600' y='328' font-size='13' fill='#0F172A' text-anchor='middle'>Form 19 PF final settlement</text> <text x='600' y='350' font-size='13' fill='#0F172A' text-anchor='middle'>Form 10C EPS pension</text> <text x='600' y='372' font-size='13' fill='#0F172A' text-anchor='middle'>Form 13 + 10D + 2 + 11</text> <rect x='800' y='270' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='960' y='298' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>FAMILY PENSION</text> <text x='960' y='328' font-size='13' fill='#0F172A' text-anchor='middle'>Section 23(5AA)/(5ABA)</text> <text x='960' y='350' font-size='13' fill='#0F172A' text-anchor='middle'>EDLIS 1976 death benefit</text> <text x='960' y='372' font-size='13' fill='#0F172A' text-anchor='middle'>Form 10D claim</text> <rect x='80' y='430' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='240' y='458' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>FEMA</text> <text x='240' y='488' font-size='13' fill='#0F172A' text-anchor='middle'>USD 1M / year LRS</text> <text x='240' y='510' font-size='13' fill='#0F172A' text-anchor='middle'>Form A2 + AD-1</text> <text x='240' y='532' font-size='13' fill='#0F172A' text-anchor='middle'>7y NRO + 10y retention debated</text> <rect x='440' y='430' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='600' y='458' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>DTAA</text> <text x='600' y='488' font-size='13' fill='#0F172A' text-anchor='middle'>Article 11 interest</text> <text x='600' y='510' font-size='13' fill='#0F172A' text-anchor='middle'>Article 17 pension + 18 social</text> <text x='600' y='532' font-size='13' fill='#0F172A' text-anchor='middle'>Section 90(4) 8y retention</text> <rect x='800' y='430' width='320' height='130' rx='14' fill='url(#grad-card)' stroke='#B45309' stroke-width='2'/> <text x='960' y='458' font-size='14' font-weight='700' fill='#7C2D12' text-anchor='middle'>BLACK MONEY ACT</text> <text x='960' y='488' font-size='13' fill='#0F172A' text-anchor='middle'>30% tax + 30% penalty 10/11</text> <text x='960' y='510' font-size='13' fill='#0F172A' text-anchor='middle'>Form 3520 + 3520-A</text> <text x='960' y='532' font-size='13' fill='#0F172A' text-anchor='middle'>8938 FATCA + FBAR 114</text> <rect x='260' y='590' width='680' height='90' rx='14' fill='url(#grad-pill)'/> <text x='600' y='620' font-size='16' font-weight='700' fill='#FFFFFF' text-anchor='middle'>NRI PARENT SENIOR 60+ PARENT ESTATE — EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013</text> <text x='600' y='648' font-size='13' fill='#FEF3C7' text-anchor='middle'>Section 671-679 + 642/664 + Section 6662 20-40% + Section 6663 75% + Section 6677 USD 10,000 + Form 5471 CFC</text> <text x='600' y='670' font-size='12' fill='#FEF3C7' text-anchor='middle'>EPFO Member Portal + UAN + PFRDA CRA + FEMA ED RBI Master Direction 2024 + Form 15CB</text> <line x1='400' y1='240' x2='400' y2='270' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='600' y1='240' x2='600' y2='270' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='800' y1='240' x2='800' y2='270' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='240' y1='400' x2='240' y2='430' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='600' y1='400' x2='600' y2='430' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='960' y1='400' x2='960' y2='430' stroke='#FFFFFF' stroke-width='1.5'/> <line x1='600' y1='560' x2='600' y2='590' stroke='#FFFFFF' stroke-width='1.5'/></svg>

Need help with this?

Share your blocker in one line. Our experts will reply with practical next steps.

Senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + FEMA compounding checklist

  • Classify pension / EPF / VPF / gratuity / leave encashment / NPS Tier 1 + Tier 2 / APY / family pension before anything else
  • Establish service history + EPF contribution 12% employer + 12% employee per Section 5A + 6 EPF Act 1952 + VPF top-up + NPS Tier 1 14% employer for central / state government per Section 80CCD(1)
  • Apply Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap
  • Apply Section 80CCD(2) employer contribution above 14% taxable as salary
  • Apply Section 10(10AA) gratuity exempt up to INR 20 lakh — for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt per Section 10(10AA)(i)
  • Apply Section 10(10AA)(i) leave encashment exempt for central / state government employees
  • Apply Section 10(10AA)(ii) leave encashment exempt for non-government employees up to INR 25 lakh with FBP ceiling per CBDT Circular
  • Apply Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh — for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962
  • Apply Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962 — relief when salary / arrear salary / VRS / advance salary received in lump sum
  • Apply Section 17 salary income + Section 192 salary TDS + Section 195 NRI TDS at applicable rate + DTAA rate
  • File Form 19 PF final settlement claim after retirement / resignation / death; PF accumulation includes employer + employee + VPF contribution + interest at EPFO notified rate (8.15% FY 2024-25 + 8.25% FY 2023-24)
  • File Form 10C EPS pension withdrawal — pension corpus withdrawable only after 10 years of service + employee must be below 58 years; withdrawing before 58 forfeits pension benefit
  • File Form 13 PF transfer from one employer to another (UAN-based — Universal Account Number; EPFO Member Portal)
  • File Form 10D family pension claim on death of employee + Form 2 + Form 11 declaration
  • Apply Section 23(5AA) family pension for armed forces fully exempt + Section 10(14) family pension for gallantry award winners
  • Apply Section 23(5ABA) family pension for non-armed forces fully exempt up to notified limit + taxable above
  • Apply Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules)
  • Apply EDLIS 1976 death benefit (Employees Deposit Linked Insurance Scheme) — nominee receives lump sum on death of employee in service
  • Apply FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015) + 10-year US/UK/CA/AU retention for inheritance from person domiciled there
  • Apply FEMA compounding penalty up to 3x per FEMA 1999 Section 13 for non-compliance
  • Apply DTAA Article 11 interest (EPF interest typically 15% withholding) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service
  • Apply Section 90(4) 8-year retention of TRC + Form 67 mandatory; CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules
  • Apply Section 90(5) limitation of benefits + panchnama if AO suspects non-genuine treaty claim; Section 285BA AIR + Form 61A
  • Apply Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets
  • Apply Form 3520 + Form 3520-A for foreign trust distribution / ownership + Section 6048 reporting; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership
  • Apply Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ)
  • Apply FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year
  • Apply Section 671-679 grantor trust — pension / annuity held by foreign grantor trust for US person: grantor reports 100% trust income on Form 1040
  • Apply Section 642/664 charitable remainder — donor retains interest + charity remainder with Form 5227 split-interest + Form 1041-A charitable trust
  • Apply Section 6662 20-40% accuracy penalty + Section 6663 75% fraud penalty + Section 6677 USD 10,000 foreign trust penalty for non-compliance
  • Apply Section 10(20/21/23BB) registered valuer exempt + Section 23(5AA/5ABA) family pension + Section 10(23C) charitable
  • Apply Indian Succession Act 1925 Section 63 + Will + codicil + executor + LoA + succession certificate + Hindu Succession Act 1956 Section 6 coparcener
  • Apply Indian Trust Act 1882 Section 3+5+6 trust deed + ILIT (Irrevocable Life Insurance Trust) + SLAT (Spousal Lifetime Access Trust) + GRAT + IDGT + Dynasty + FGT + private family trust + HUF
  • Apply FEMA ED RBI Master Direction 2024 + PMLA FIU-IND (Financial Intelligence Unit India) reporting mandatory for Indian pension remittance + 7.5% TCS Section 206C(1G) above INR 50 lakh + 20% TCS Section 206CCA
  • File ITR + Schedule S + Schedule FA + Schedule FSI + Schedule TR + Form 26AS + Form 16A + Form 10E (Section 89) + Form 67 (DTAA) + Section 90(4) 8-year retention
  • Update EPFO Member Portal + UAN Universal Account Number + PFRDA CRA (Central Recordkeeping Agency) — NSDL CRA / Karvy CRA; FEMA NRO + 7y + 10y retention debated
  • Consult CA + lawyer + FEMA expert + EPF expert + PFRDA expert + US tax preparer jointly

Share NRI parent Indian Pension + EPF + VPF + Gratuity + Leave Encashment + NPS + APY + Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + FEMA USD 1M / year + DTAA + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + senior 60+ parent estate India 2026

Unable to embed twitter content. View on twitter

t
twitter
Community Discussion

"Join the conversation on the latest return-to-India trends."

Read on twitter ->

Senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding closing

Senior 60+ parent estate NRI / OCI parent Indian pension / EPF / VPF / gratuity / leave encashment / NPS Tier 1 + Tier 2 / APY / family pension — is the heaviest employment-benefit asset class in the personal-finance compliance book. Section 17 salary + Section 89 salary relief + Section 10(10AA) gratuity exempt + Section 10(10C) VRS exempt + Section 80CCD(1B) NPS Tier 1 additional INR 50,000 + Section 23(5AA)/(5ABA) family pension + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + EDLIS 1976 + PFRDA Act 2013 + FEMA USD 1M / year + DTAA Article 11 + 17 + 18 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding — every section, every form, every treaty, every retention clock points at the same benefit file. The senior 60+ parent estate NRI parent must choose between ordinary compliance — full Section 17 + 89 + 192 + 195 + DTAA + FEMA + Black Money Act + FATCA + FBAR + 671-679 — and grandfathered past benefits — Section 10(10AA) + 10(10C) + 80CCD(1B) exempt. Once the nominee receives the EPF + Gratuity + NPS + family pension, Section 39 of EPF Act 1952 nominee rights kick in; Section 56(2)(vii) FULL EXEMPT fires for nominee from specified relative (debated for EPF — typically not applicable per CBDT Circular 6/2016 narrow reading); Section 49(1)/(2) cost inheritance applies. The 7-year NRO retention + 10-year US/UK/CA/AU retention + Section 90(4) 8-year retention + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty + FEMA compounding penalty up to 3x are all ticking in parallel. The cluster ties together 7 articles — NRI parent inherited property + Will + heir + Section 45 + 47(vii) + 49 + 56(2)(vii) → NRI parent capital gains Section 45 + 48 + 50C + 54 + 54F + 54B + 54EC + 111A + 112 + STT + Indexation + 194-IA + 195 + FEMA USD 1M / year → NRI parent US income tax Form 1040 + Schedule D + FBAR + FATCA + PFIC + CFC → NRI parent US estate tax + gift tax + GSTT + Section 877A + Form 706 + 709 + Estate Tax Treaty + Gift Tax Treaty → NRI parent Indian mutual fund + SIP + SWP + STP → NRI parent Indian AIF Category I + Category II + Category III + PMS → NRI parent Indian bonds + NCD + debentures + Government Securities + RBI Bonds + Section 54EC REC + NHAI + IRFC + PFC → NRI parent Indian Bank FD + SCSS + POMIS + PPF + RBI FRSB + Section 80C + 80TTB + 193 + 80D + 80DDB → NRI parent Indian Gold + Silver + Bullion + Jewellery + Diamond + Platinum → NRI parent Indian Crypto + VDA + Bitcoin + Ethereum + USDT + Section 194S + 115BBH → NRI parent Indian Insurance + Life Insurance + LIC + ULIP + Health Insurance + Senior Citizen Health Insurance + Section 80C + 80D + 80DDB + Section 10(10D) + Section 194DA → NRI parent Indian Real Estate + Residential + Commercial + Under-construction + RERA + Section 194-IA 1% TDS + Section 50C stamp duty valuation + Section 56(2)(vii) heir exempt + Section 54 + 54F + Section 80C + Section 24(b) + Section 80EEA — and now NRI parent Indian Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + Tier 2 + APY + Family Pension + Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + FEMA compounding. Cross-link rule: every new article in this cluster must link to the prior article in the chain so that the cluster reads as one continuous thread of senior 60+ parent NRI / OCI compliance.

Bottom line for the senior 60+ parent estate NRI / OCI parent: Indian pension / EPF / VPF / gratuity / leave encashment / NPS / APY / family pension is the heaviest employment-benefit asset class — every Section + every form + every treaty + every retention clock converges on the benefit file. Section 17 + 89 + 10(10AA) + 10(10C) + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + 10C + 13 + 10D + EPF Act 1952 + EPS 1995 + FEMA + DTAA + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + Section 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding — the senior 60+ parent estate NRI parent must coordinate CA + lawyer + FEMA expert + EPF expert + PFRDA expert + US tax preparer jointly. For a single-pension family holding the typical chain is: senior 60+ parent NRI / OCI receives Indian salary + EPF contribution 12% employer + 12% employee + VPF top-up + NPS Tier 1 14% employer for central / state government + APY contribution; senior 60+ parent retires after 5+ years of service; receives Section 10(10AA) gratuity exempt up to INR 20 lakh + Section 10(10AA)(ii) leave encashment exempt INR 25 lakh + Form 19 PF final settlement + Form 10C EPS pension withdrawal + Form 13 PF transfer if applicable; on death of senior 60+ parent, Form 10D family pension claim + EDLIS 1976 death benefit + Section 23(5AA)/(5ABA) family pension for nominee; Indian Succession Act 1925 + Will + codicil + executor + LoA + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + Indian Trust Act 1882 Section 3+5+6 trust deed + FEMA NRO for heir; heir inherits nominee rights per Section 39 EPF Act 1952 + Form 2 + Form 11 declaration; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for EPF); Section 49(1)/(2) cost inheritance applies; pays Section 17 salary + Section 89 salary relief + Section 195 NRI TDS at applicable rate + DTAA rate; files ITR + Schedule S + Schedule FA + Schedule FSI + Schedule TR + Form 26AS + Form 16A + Form 10E (Section 89) + Form 67 (DTAA); retains TRC + Form 67 for 8 years per Section 90(4); reports Form 8938 FATCA + FBAR FinCEN 114; repatriates via FEMA NRO within USD 1M / year LRS after 7-year retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); files Form 3520 + Form 3520-A if foreign trust holds the pension; pays Section 6662 20-40% accuracy penalty + Section 6663 75% fraud penalty + Section 6677 USD 10,000 foreign trust penalty if undisclosed; FEMA compounding penalty up to 3x per FEMA 1999 Section 13. The compliance choreography is repetitive but the risk surface is wide — Section 50C-type stamp duty valuation doesn't apply here (pension / EPF not immovable property) but Section 80CCD cap stacking + Section 56(2)(vii) FULL EXEMPT debate + FEMA 7-year retention debate + DTAA Article 17 pension vs Section 17 salary + EPF interest > INR 5,000 / year taxability all need careful coordination. Senior 60+ parent estate NRI / OCI Indian pension / EPF / VPF / gratuity / leave encashment / NPS / APY / family pension holding is governed by every layer simultaneously — there is no shortcut, no opt-out, no small case exemption. Always engage CA + lawyer + FEMA expert + EPF expert + PFRDA expert + US tax preparer jointly.

Need help with this?

Share your blocker in one line. Our experts will reply with practical next steps.

Animated decision map

NRI parent senior 60+ Indian Pension + EPF + VPF + Gratuity + Leave Encashment + NPS Tier 1 + Tier 2 + APY + family pension matrix with Section 10(10AA) + Section 10(10C) + Section 17 + Section 89 + Section 80CCD(1B) + Section 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 + 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate India 2026. Animated decision map.
The GIF shows the decision moving from broad question to documented action.

Interactive checkpoint

Turn this guide into a decision file

0 of 4 checked

Common Questions

Senior 60+ parent NRI / OCI retires and receives Indian gratuity + EPF + leave encashment + family pension — what is the Section 10(10AA) + 10(10C) + 17 + 89 + 80CCD(1B) + 23(5AA)/(5ABA) + Form 19 + Form 10C + Form 13 + Form 10D + EPF Act 1952 + EPS 1995 + FEMA USD 1M / year + DTAA + Black Money Act 2015 + Form 3520 + FEMA NRO 7y + 10y retention + FEMA compounding treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI retires and receives Indian gratuity + EPF + leave encashment + family pension triggers Section 10(10AA) gratuity exempt up to INR 20 lakh (for non-government employees covered under Payment of Gratuity Act 1972; central / state government employees fully exempt per Section 10(10AA)(i)); Section 10(10AA)(i) leave encashment exempt for central / state government employees; Section 10(10AA)(ii) leave encashment exempt for non-government employees up to INR 25 lakh with FBP ceiling per CBDT Circular. Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962. Section 17 salary income + Section 192 salary TDS + Section 195 NRI TDS at applicable rate + DTAA rate. Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962 — relief when salary / arrear salary / VRS / advance salary received in lump sum. Section 80CCD(1) NPS Tier 1 employer 14% of basic + DA for central / state government (10% for others); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap (debated — typically applicable to NPS Tier 1 self-contribution only); Section 80CCD(2) employer contribution above 14% taxable. Section 23(5AA) family pension for armed forces fully exempt + Section 10(14) family pension for gallantry award winners; Section 23(5ABA) family pension for non-armed forces fully exempt up to notified limit + taxable above. Form 19 PF final settlement claim after retirement / resignation / death (PF accumulation includes employer + employee + VPF contribution + interest credited at EPFO notified rate — currently 8.15% for FY 2024-25 + 8.25% for FY 2023-24); Form 10C EPS pension withdrawal — pension corpus withdrawable only after 10 years of service + employee must be below 58 years OR withdrawing before 58 forfeits pension benefit; Form 13 PF transfer from one employer to another (UAN-based — Universal Account Number; PF transfer via EPFO Member Portal); Form 10D family pension claim on death of employee. Senior 60+ parent heir receiving pension / EPF / gratuity / NPS inherits nominee rights per Section 39 of EPF Act 1952 (nominee receives PF + EDLIS) + Form 2 + Form 11 declaration; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for EPF — typically not applicable per CBDT Circular 6/2016 narrow reading); Section 49(1)/(2) cost of acquisition inherited for EPF + Gratuity + NPS transferred at death. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention debated (typically pension / EPF withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015) + 10-year US/UK/CA/AU retention for inheritance from person domiciled there; FEMA compounding penalty up to 3x per FEMA 1999 Section 13. DTAA Article 11 interest (EPF interest typically 15% withholding in DTAA; lower per Article 11(2) if Article limits differ) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) limitation of benefits + panchnama if AO suspects non-genuine treaty claim. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / foreign assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Section 671-679 grantor trust + Section 642/664 charitable remainder + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Senior 60+ parent NRI / OCI receives monthly Indian family pension on death of employee — what is the Section 23(5AA)/(5ABA) + Form 10D + EDLIS 1976 + FEMA USD 1M / year repatriation + DTAA Article 17 pension + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + FEMA NRO treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI receiving monthly Indian family pension on death of employee triggers Section 23(5AA) family pension for armed forces fully exempt + Section 10(14) family pension for gallantry award winners; Section 23(5ABA) family pension for non-armed forces fully exempt up to notified limit + taxable above. Form 10D family pension claim on death of employee per EPF Act 1952 + EPS 1995; EDLIS 1976 death benefit (Employees Deposit Linked Insurance Scheme) — nominee receives lump sum on death of employee in service per Section 39 of EPF Act 1952. Senior 60+ parent heir receiving family pension inherits nominee rights per Section 39 of EPF Act 1952; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative; Section 49(1)/(2) cost of acquisition inherited for family pension transferred at death. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1; 7-year NRO retention debated (typically family pension treated as Indian-source pension per FEMA 1999 + RBI Master Direction 2024 + repatriable immediately); FEMA compounding penalty up to 3x per FEMA 1999 Section 13. Senior 60+ parent NRI / OCI Indian APY (Atal Pension Yojana) — government-backed pension scheme for unorganised sector; subscriber age 18-40; guaranteed monthly pension INR 1,000-5,000 from age 60; Section 80CCD(1B) APY self-contribution additional INR 50,000 over and above Section 80C cap (debated for APY — typically applicable); Section 10(12A) APY pension partial exempt at retirement (debated). Section 23(5AA)/(5ABA) family pension for nominee + Form 10D family pension claim + EDLIS 1976 death benefit. DTAA Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 11 interest (annuity component) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Section 671-679 grantor trust + Section 642/664 charitable remainder + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Senior 60+ parent NRI / OCI dies while in service — what is the EPF + Gratuity + NPS + EDLIS 1976 nominee route, Section 39 of EPF Act 1952, Form 19 + Form 10C + Form 10D + Form 2 + Form 11 + Section 56(2)(vii) FULL EXEMPT debate, FEMA NRO 7y retention debated, FEMA USD 1M / year repatriation, Estate Tax Treaty, Gift Tax Treaty, Black Money Act 2015, Form 3520 treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI dies while in service — nominee receives EPF + Gratuity + NPS + EDLIS 1976 per Section 39 of EPF Act 1952. Form 19 PF final settlement claim after death of employee; Form 10C EPS pension withdrawal claim; Form 10D family pension claim; Form 2 + Form 11 declaration per EPF Act 1952; EDLIS 1976 death benefit (Employees Deposit Linked Insurance Scheme). Senior 60+ parent heir receiving pension / EPF / gratuity / NPS inherits nominee rights per Section 39 of EPF Act 1952 (nominee receives PF + EDLIS); Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for EPF — typically not applicable per CBDT Circular 6/2016 narrow reading; nominee claim without succession certificate up to EPFO notified limit); Section 49(1)/(2) cost of acquisition inherited for EPF + Gratuity + NPS transferred at death. FEMA Form A2 + AD-1 + FEMA NRO for heir — EPF + Gratuity + NPS inherited through inheritance non-repatriable for 7 years debated (typically EPF / Gratuity / NPS withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); repatriation permitted within USD 1M / year LRS; FEMA compounding penalty up to 3x per FEMA 1999 Section 13. 10-year US/UK/CA/AU retention for inheritance from person domiciled there. FEMA NRO repatriation within USD 1M / year LRS after retention. Indian Succession Act 1925 Section 63 + Will + codicil + executor + LoA + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + Indian Trust Act 1882 Section 3+5+6 trust deed; nomination per Section 39 EPF Act 1952 overrides Will for EPF nomination (debated — typically Will prevails if nomination is challenged in court). Section 192 salary + Section 194 + Section 195 r.w. 192 salary TDS credited against DTAA limit per Article 11 + 17 + 18; TRC + Form 67 mandatory per Section 90(4) 8-year retention + Section 90(5) panchnama; FEMA + DTAA both applicable; pension / annuity income repatriable immediately subject to Section 195 r.w. 192 TDS + Section 90 DTAA. Estate Tax Treaty + Gift Tax Treaty for US / UK / CA / AU estate / gift tax on Indian pension / EPF / Gratuity / NPS (US-India Estate Tax Treaty 1957 has saving clause + Article 5 immovable property + Article 11 deduction); Form 706-NA + Form 706 for US estate tax; Form 709 for US gift tax; Section 877A expatriation tax. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Section 671-679 grantor trust; Section 642/664 charitable remainder; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Senior 60+ parent NRI / OCI receives Section 10(10C) VRS exempt up to INR 5 lakh — what is the PSU / statutory corporation criteria per Section 10(10C)(i)/(iii)/(iv), Section 89 salary relief + Form 10E, Section 17 salary + Section 192 + Section 195 NRI TDS, FEMA USD 1M / year, DTAA Article 11 + 17 + 18, Section 90(4) 8-year, Black Money Act 2015, Form 3520 treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI receives Section 10(10C) VRS / golden handshake exempt up to INR 5 lakh — for PSU / statutory corporation / local authority + co-operative society per Section 10(10C)(i)/(iii)/(iv) + R 3(1) of Income Tax Rules 1962; Section 10(10C)(i) — employees of any PSU (Public Sector Undertaking) or any company / co-operative society / local authority + establishment; Section 10(10C)(iii) — employees of institutions / organisation / body notified by central government; Section 10(10C)(iv) — employees of a PSU / company engaged in infrastructure project construction / maintenance per notification. Section 89 salary relief + Form 10E mandatory per Section 89(1) + R 21A of Income Tax Rules 1962 — relief when VRS received in lump sum; reduce tax incidence on lump-sum receipt. Section 17 salary for taxable portion; Section 192 salary TDS + Section 195 NRI TDS at applicable rate + DTAA rate. Senior 60+ parent NRI / OCI Indian NPS Tier 1 — mandatory for central / state government employees (joined after 01-01-2004) + voluntary for others + PFRDA Act 2013. Section 80CCD(1) NPS Tier 1 employer 14% of basic + DA for central / state government (10% for others); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap; Section 80CCD(2) employer contribution above 14% taxable; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules). Senior 60+ parent heir receiving VRS / NPS inherits nominee rights; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for VRS — typically not applicable per CBDT Circular 6/2016 narrow reading); Section 49(1)/(2) cost of acquisition inherited for VRS / NPS transferred at death. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention debated; FEMA compounding penalty up to 3x per FEMA 1999 Section 13. DTAA Article 11 interest (typically NOT applicable to VRS lump sum — debated); Article 17 pension (debated for VRS — typically NOT applicable as VRS is salary compensation); Section 90(4) 8-year retention of TRC + Form 67 mandatory; CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama if AO suspects non-genuine treaty claim. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year; FBAR FinCEN 114 if foreign pension account > USD 10K; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Section 671-679 grantor trust; Section 642/664 charitable remainder; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Senior 60+ parent NRI / OCI receives Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap — what is the NPS Tier 1 architecture per PFRDA Act 2013, Section 80CCD(1) 14% employer + Section 80CCD(2) employer above 14% taxable, Section 10(12A) 40% lump sum at retirement exempt + 60% annuity purchase mandatory per PFRDA exit rules, FEMA USD 1M / year, DTAA Article 17 pension, Section 90(4) 8-year, Black Money Act 2015, Form 3520 treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI receiving Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap — applies to NPS Tier 1 self-contribution only (debated — typically applicable per PFRDA Act 2013 + CBDT Circular). NPS Tier 1 architecture per PFRDA Act 2013 + PFRDA (National Pension System) Regulations 2015 — central government employees joined after 01-01-2004 + state government employees + voluntary for others; subscriber chooses Pension Fund Manager (PFM) — SBI Pension Fund + LIC Pension Fund + UTI Retirement Solutions + ICICI Prudential Pension Fund + HDFC Pension Fund + Kotak Mahindra Pension Fund + Aditya Birla Sun Life Pension Fund + DSP Pension Fund + Axis Pension Fund; subscriber chooses investment pattern — Active (Auto / Life-cycle) or Active Choice (Equity + Corporate Debt + Government Securities + Alternative Investment Fund). Section 80CCD(1) NPS Tier 1 employer 14% of basic + DA for central / state government (10% for others); Section 80CCD(1B) NPS Tier 1 self additional INR 50,000 over and above Section 80C cap; Section 80CCD(2) employer contribution above 14% taxable; Section 10(12A) partial NPS exit exempt (40% lump sum at retirement exempt; balance 60% must be used to purchase annuity per PFRDA exit rules). Senior 60+ parent heir receiving NPS Tier 1 corpus at retirement / exit / death; Section 56(2)(vii) FULL EXEMPT for nominee from specified relative (debated for NPS); Section 49(1)/(2) cost of acquisition inherited for NPS Tier 1 transferred at death; partial annuity purchase mandatory 40% / 80% at retirement per PFRDA exit rules. FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + 7-year NRO retention debated (typically NPS withdrawal treated as pension / annuity per FEMA 1999 + RBI Master Direction 2024); FEMA compounding penalty up to 3x per FEMA 1999 Section 13. DTAA Article 11 interest (annuity component) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 90(4) 8-year retention of TRC + Form 67 mandatory; CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama if AO suspects non-genuine treaty claim. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign NPS / annuity held by US person > USD 50K end-of-year; FBAR FinCEN 114 if foreign NPS account > USD 10K; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Section 671-679 grantor trust; Section 642/664 charitable remainder; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Senior 60+ parent NRI / OCI repatriates Section 10(10AA) gratuity + Form 19 PF final settlement + Form 10C EPS pension withdrawal + Section 10(12A) NPS Tier 1 exit — what is the FEMA USD 1M / year LRS limit, 7-year NRO retention debated, 10-year US/UK/CA/AU retention, Form A2 + AD-1, CA certificate Form 15CB, FEMA compounding penalty, Section 195 r.w. 192 TDS, DTAA Article 11 + 17 + 18, Section 90(4) 8-year retention, Black Money Act 2015, Form 3520, FEMA NRO treatment for senior 60+ parent estate NRI parent Indian Pension EPF VPF Gratuity Leave Encashment NPS APY India 2026?

Senior 60+ parent NRI / OCI repatriating Section 10(10AA) gratuity + Form 19 PF final settlement + Form 10C EPS pension withdrawal + Section 10(12A) NPS Tier 1 exit — triggers FEMA 1999 Section 6(3) + Schedule 1 + RBI Master Direction 2024 + Form A2 + AD-1 + CA certificate Form 15CB. USD 1M / year LRS limit per FEMA 1999 + RBI Master Direction 2024 — repatriation of pension / EPF withdrawal within LRS limit allowed; 7-year NRO retention debated (typically pension / EPF / Gratuity / NPS withdrawal treated as current income repatriable immediately per RBI Circular 47/2015 + 12/2015); 10-year US/UK/CA/AU retention for inheritance from person domiciled there; pension / annuity income repatriation allowed immediately per FEMA 1999 + RBI Master Direction 2024 (no 7-year retention for pension / annuity). FEMA compounding penalty up to 3x per FEMA 1999 Section 13 for non-compliance. Section 195 r.w. 192 NRI TDS at applicable rate + DTAA rate credited against DTAA Article 11 interest (EPF interest typically 15% withholding) + Article 17 pension (US-India DTAA Article 17 — pensions from India to US person taxable only in US if services performed in India; saving clause may apply) + Article 18 social security / government service; Section 197 lower-rate certificate + Form 13 to claim DTAA benefit. Section 90(4) 8-year retention of TRC + Form 67 mandatory per Section 90(4); CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules; Section 90(5) panchnama if AO suspects non-genuine treaty claim. Section 90(5) limitation of benefits + Section 285BA AIR + Form 61A. Section 192 salary TDS above INR 2.5 lakh / month (basic threshold) + Section 195 NRI TDS at applicable rate + DTAA rate. Senior 60+ parent heir inheriting pension / EPF / Gratuity / NPS / family pension after 7-year NRO retention debated + 10-year US/UK/CA/AU retention — repatriation within USD 1M / year LRS; AD-1 + Form A2 + CA certificate Form 15CB mandatory for > USD 5,000 net after tax. Estate Tax Treaty + Gift Tax Treaty for US / UK / CA / AU estate / gift tax on Indian pension / EPF / Gratuity / NPS (US-India Estate Tax Treaty 1957 has saving clause + Article 5 immovable property + Article 11 deduction); Form 706-NA + Form 706 for US estate tax; Form 709 for US gift tax; Section 877A expatriation tax. Black Money Act 2015 — 30% tax + 30% penalty Section 10/11 BMA for undisclosed foreign income / assets + Form 3520 + Form 3520-A + Section 6048 reporting; Form 8938 FATCA required if foreign pension / annuity held by US person > USD 50K end-of-year (single / MFS) or > USD 300K end-of-year (MFJ); FBAR FinCEN 114 if foreign pension account aggregate > USD 10K at any point during calendar year; Form 5471 CFC for foreign pension / annuity fund > 50% US person ownership; Section 671-679 grantor trust; Section 642/664 charitable remainder; Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6677 USD 10,000 foreign trust penalty.

Expert Consultation — Free to Inquire

You've done the research. Now get the plan.

The biggest mistake NRIs make is treating Tax + Estate Planning as something they'll figure out later. Later is expensive. Get expert clarity now.

Or learn more first
See how we help
✓Expert replies within 24-48 business hours
✓Your specific situation — not generic advice
✓100% free to ask — no sales pitch
✓Largest NRI community on the internet
Continue reading
All guides ->
Tax + Estate PlanningNRI parent Indian Crypto + Virtual Digital Asset (VDA) + Bitcoin + Ethereum + USDT + Section 194S 1% TDS + Section 2(47A) VDA + Section 115BBH 30% flat tax + Section 56(2)(xi) deemed gift + Section 49(1)/(2) + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + Section 671-679 grantor trust + Section 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate India 2026Read guide ->Tax + Estate PlanningNRI parent Indian Direct Equity + Listed + Unlisted + PMS + Preferential + Rights + Bonus + Demerger + IPO + FPO + Section 45 + Section 48 + Section 50CA FMV (unlisted shares) + Section 50C stamp duty valuation NOT applicable + Section 111A STCG 15% (STT paid) + Section 112 LTCG 20% (holding > 24 months + 4% cess) + Section 112A LTCG 10% (> 12 months + > INR 1 lakh aggregate per year + 4% cess) + STT Securities Transaction Tax 0.1% / 0.025% + Section 80CCG Rajiv Gandhi Equity Savings Scheme RGESS (closed) + FEMA USD 1M / year LRS + FEMA PIS (Portfolio Investment Scheme) + NRE / NRO demat account + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Form 8938 FATCA + FBAR FinCEN 114 + PFIC Form 8621 + Section 671-679 grantor trust + Section 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate India 2026Read guide ->Tax + Estate PlanningNRI parent Indian Gold + Silver + Bullion + Jewellery + Diamond + Platinum + Section 45 + 48 + 50C stamp duty valuation + Section 112 LTCG 20% + Section 54F rollover + Section 56(2)(vii) heir exempt + Section 56(2)(xi) deemed gift + Section 49(1)/(2) + FEMA USD 1M / year + DTAA + TRC + Form 67 + Section 90(4) 8-year + Black Money Act 2015 + Form 3520 + Section 671-679 grantor trust + Section 642/664 + FEMA NRO 7y + 10y retention + FEMA compounding + senior 60+ parent estate India 2026Read guide ->