NPS withdrawal made 100% tax free!
Wish you happy Christmas & New Year 2019 in little advance. This year is little busy with many professional & personal work so first post i was able to publish on JAN 2018 and this is late post on today. Now start your 2 nd innings care free, your retirement corpus is 100% tax free. The Government on December 6, 2018 has approved tax exemption limit for Lump sum (one-time) withdrawal from NPS corpus at the time of retirement from the present 40% to 60%. At the time of retirement, a NPS subscriber can withdraw 60% of the accumulated corpus through lump-sum mode and remaining 40% has to be compulsory annuitized. Now, with this change entire 100% (60% lump-sum withdrawal and 40% annuity) in NPS will be tax free.