The NPS was launched in January 2004 for government employees and was opened to private sector employees in 2009. At present, 40% of the total accumulated corpus utilised for purchase of annuity is tax exempt. Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at the time of retirement would be tax free.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BaWA5Z
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