Amount deposited under pension scheme is allowable as deduction u/s 80CCC. On maturity when Pension is received from such scheme is it taxable or tax free u/s 10 sub section 23(AAB).??
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10(23aab) pension received
Replies (3)
Withdrawals from NPS on maturity is tax free upto 40% of the total corpus accumulated.
under which section?
and its ICICI Prudential Pension Plan.
Only ampunt invested tax free?
Not the interest?
Hi,
with same above i have deposited yearly Rs.10,000 for an continous period of 8 years, at end of last year i have recevied Rs.2,40,000,
so my basic question whether it is taxable or not?
is it in the nature of commuted penion, and i am not receiving any gratuity , means i am a private employee?????
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