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With NPS, retirees can withdraw up to 60% of their accumulated corpus without incurring taxes.
The remaining 40% must be allocated to an annuity, which provides a pension subject to income tax based on applicable slab rates.
The tax implications for lump-sum withdrawals under UPS are not yet clear, but pension income will be taxed according to slab rates.Using likes to track audience preferences and adjust your content Smart Wealth Management for Maximum Returns