NPS withdrawal made tax-free
Dear Customer,
Now start your 2nd 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.
So, start investing today in your journey towards creating a corpus for your comfortable second innings by subscribing to NPS and enjoy the investing experience with the new & improved features at www.icicidirect.com.
If you have any queries regarding NPS, click here to share your contact details & we shall get in touch with you.
Regards,
ICICIdirect.com
 
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