NPS maturity amount

NPS maturity amount is taxable or exempt? kindly explain if exempt under which section.
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Quick Summary
This discussion clarifies the tax implications of your National Pension System (NPS) maturity amount. Generally, 60% of your accumulated pension wealth is tax-exempt upon reaching 60 or superannuation under Section 10(12A). The remaining 40%, if invested in an annuity plan, also becomes tax-free, though the annuity payments themselves are taxable. A specific query addresses whether a corpus under £5.00 is exempt and allows for 100% withdrawal.

Eligible for tax exemption on lumpsum withdrawal of 60% of accumulated pension wealth upon attaining the age of 60 or superannuation under section 10(12A).

Remaining 40% if invested in annuity plan, becomes tax-free, while annuity received is taxable.

Dear expeets,My qurey is If corpus is less 5.00 is it exempted and 100% withdrawal is allowed now?

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