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?
NARENDER BHATI (42 Points)
05 December 2020
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 06 December 2020
NARENDER BHATI
(42 Points)
Replied 06 December 2020
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?
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 06 December 2020
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