Mr. Sridhar employed in KL Ltd. took voluntary retirement in December 2020 and received ₹ 2,00,000 from National Pension System Trust. The amount so received chargeable to income-tax is:

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Question:Mr. Sridhar employed in KL Ltd. took voluntary retirement in December 2020 and received ₹ 2,00,000 from National Pension System Trust. The amount so received chargeable to income-tax is:

1. Nil as 10096 is exempt

2. ₹ 1,20,000 as 40% is exempt

3.₹ 1,00,000 as 50% is exempt

4. ₹ 80,000 as 60% is exempt

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  1. Mr. Sridhar employed in KL Ltd. took voluntary retirement in December 2020 and received ₹ 2,00,000 from National Pension System Trust. The amount so received chargeable to income-tax is:
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