Mr. Sridhar employed in K L Ltd, took voluntary retirement in December 2020 and received ₹ 2,00,000 from National Pension System Trust. The amount so received chargeable to income-tax is:
A. Nil as 10096 is exempt
B. ₹ 1,20,000 as 4096 is exempt
C. ₹ 1,00,000 as 5096 is exempt
D. ₹ 80,000 as 60% is exempt
Answer:D
Mr. Sridhar employed in K L Ltd, took voluntary retirement in December 2020 and received ₹ 2,00,000 from National Pension System Trust. The amount so received chargeable to income-tax is:
A. Nil as 10096 is exempt B. ₹ 1,20,000 as 4096 is exempt C. ₹ 1,00,000 as 5096 is exempt D. ₹ 80,000 as 60% is exempt