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?
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Taxation of NPS Corpus
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Quick Summary
You can not withdrawn entire corpus, only 60% allowed to withdraw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)
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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