What percentage of the NPS corpus is tax-free upon retirement? Option: "75%", "60%", "40%", "25%"

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What percentage of the NPS corpus is tax-free upon retirement?

"75%"

"60%"

"40%"

"25%"

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What is the tax implication on the lump-sum withdrawal of up to 40% of the NPS corpus after the age of 60?

"Partially taxable"

"Tax-deferred"

"Tax-exempt"

"Fully taxable"

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What is the maximum percentage of the accumulated corpus that can be withdrawn upon retirement in NPS?

"75%"

"40%"

"60%"

"25%"

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What is the minimum percentage of the total invested corpus that must be maintained in the NPS fund until retirement?

40%

25%

75%

60%

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Which of the following is a benefit of using the NPS for salaried individuals?

Potential income tax deductions.

Guaranteed high returns.

Exemption from all taxes.

Unlimited investment options.

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What is the key advantage of NPS over other long-term tax-saving instruments like Public Provident Funds?

NPS allows for early withdrawals without penalties, unlike PPF

NPS offers guaranteed returns, while PPF returns are subject to market fluctuations

NPS returns are significantly higher due to partial equity allocation

NPS contributions are eligible for higher tax deductions compared to PPF