Paragraph match score 90.2%
Page A-138
3. National Pension Scheme (NPS):
Investments in NPS are exempt from taxes both at maturity and annuity (up to 40%) stages. Upon reaching 60, you can withdraw 60% of the corpus and receive a pension from the balance of 40%. Contributions to NPS are deductible, under sections 80C, section 80CCD (1b), from taxable income.
Page A-162
6. National Pension Scheme (NPS):
NPS is a pension scheme that is exempt from taxes both at maturity and annuity (up to 40%) stages. You must try and invest at least 10% of your income into NPS to build a corpus for your retirement. On retirement, you can withdraw 60% of this corpus and opt to get a pension from the balance of 40%. Contributions to NPS are also deductible, under sections 80C section 80CCD(1b), from taxable income.