Withdrawal or pension from NPS is always exempt, except:
A. Withdrawal is partial, not exceeding 25% of employee’s contribution.
B. Amount received by a nominee on the death of an assessee
C. The withdrawn amount is utilized for purchasing another annuity plan in the same previous year.
D. Pension received out of NPS
Answer:D
Withdrawal or pension from NPS is always exempt, except:
A. Withdrawal is partial, not exceeding 25% of employee’s contribution. B. Amount received by a nominee on the death of an assessee C. The withdrawn amount is utilized for purchasing another annuity plan in the same previous year. D. Pension received out of NPS