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Taxation of withdrawal in NPS

Is the money withdrawn as lumpsum taxed in full or just the capital gains are taxed?

The lumpsum withdrawal of 60 per cent is taxed in NPS. I would like to know whether the amount is taxed in full or only capital gains are taxed?
- Meenu Chadha

The full money withdrawn as lumpsum is taxed as per the Income Tax slab applicable to you.

The remaining 40 per cent of the accumulated corpus which is used to buy an annuity from a life insurance company is not taxed.

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