Nps withdrawal
This query is : Resolved
11 May 2017
Income tax liability on NPS WITHDRAWAL BEFORE 60 years
12 May 2017
100% of withdrawals is not allowed, max you can withdraw is 20% if you Quit NPS scheme & rest 80% is converted in Annuity which is taxable. After 10% you can withdraw upto 25% of your contribution which would be tax free. Read more: https://profit.ndtv.com/news/budget/article-early-withdrawal-from-nps-made-tax-exempt-10-things-to-know-1657567
Thanks
Thanks
03 October 2021
As on date 60% of balance is allowed for withdrawal, while remaining 40% is required to be invested in an annuity scheme.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- REGARDING SECTION 44AE
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
