Economics · Economy

Consider the following statements regarding the tax implications and benefits under the National Pension System (NPS): 1. Employer's contribution to NPS is tax-exempt up to 10% of salary (Basic + DA) for private sector employees under Section 80CCD(2). 2. On maturity at age 60, the entire 100% lump-sum withdrawal of the accumulated corpus is taxable. 3. Self-contribution to NPS under Section 80CCD(1B) is eligible for an additional deduction of up to ₹50,000 beyond the ₹1.5 lakh limit under Section 80C. Which of the statements given above is/are correct?

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