Q
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%
Correct Answer:C
Explanation:
As per section 80CCD, 40% of the amount payable on closure or opting out of NPS is exempt.
Income Tax - Pension Scheme
Account Ast. 2024
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