Accountancy MCQs

Income Tax - Pension Scheme Questions with solutions MCQs

1. Amount payable at the time of closure or opting out of National Pension Scheme referred to in section 80CCD shall be exempt to the extent of total amount payable.

A

30%

B

100%

C

40%

D

25%

Income Tax - Pension Scheme Account Ast. 2024
Correct Answer : C
Explanation :

As per section 80CCD, 40% of the amount payable on closure or opting out of NPS is exempt.

Correct Answered :

Wrong Answered :

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