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Taxation of NPS Corpus

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Sir,
On exit from NPS, at 60 years of age, entire corpus can be drawn lump sum if amount less than or equal to Rs 2 lakhs. What is the taxability of this amount on withdrawal?
Replies (3)
You can not withdrawn entire corpus, only 60% allowed to withdraw

Sir,

  The entire corpus can be drawn if it is less than or equal to Rs 2 lakhs, no need to buy annuity from ASP. I am in the process of withdrawal. What is the taxability of this corpus?

Mr. Narender Bhati Ji

You can withdraw entire corpus upto Rs. 2 Lacs from NPS after closure of account.

No Tax payable on corpus withdrawal (Exempt under Income Tax)


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