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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.bajaj finance share price today Blockchain-Powered Investments: Safe and Profitable
