Pension is always paid in the local currency, that is Indian Rupees, at vesting age. However, repartriation of pension is allowed regardless of whether the payout is a lump sum or as annuity, based on the rules of the Income Tax Act, 1961.
Pension is always paid in the local currency, that is Indian Rupees, at vesting age. However, repartriation of pension is allowed regardless of whether the payout is a lump sum or as annuity, based on the rules of the Income Tax Act, 1961.