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
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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.
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