Two dates, three traps: How to fix your NPS, PAN and ITR before December 31 - The Times of India
December 31 is a crucial deadline for taxpayers and NPS subscribers in India, as unresolved issues related to PAN, NPS accounts, and income tax returns can lead to penalties or loss of benefits. Many individuals unknowingly fall into common compliance traps, such as mismatched PAN details, incomplete NPS KYC, or incorrect income disclosures in their tax filings. These errors can result in rejected tax returns, blocked withdrawals, or delayed refunds. The government has provided time till the end of December to correct these problems and ensure smooth financial processing. By verifying personal details, linking PAN correctly, updating NPS records, and revising income tax returns where required, individuals can avoid last-minute stress and legal complications. Taking timely action not only ensures compliance but also protects long-term retirement savings and tax benefits. Acting before the deadline helps taxpayers stay financially secure and compliant with evolving regulations.
The Key points
- December 31 is the final deadline to fix NPS, PAN, and ITR issues
- Incorrect PAN details can cause tax return rejection
- NPS accounts require proper KYC verification
- Mismatched personal data can block NPS withdrawals
- Errors in income reporting may attract penalties
- Revised ITRs help correct previous filing mistakes
- Linking PAN correctly avoids future compliance problems
- Inactive or frozen accounts can delay refunds
- Early corrections prevent last-minute technical issues
- Timely compliance ensures uninterrupted tax and retirement benefits
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (timesofindia.indiatimes.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
