Income tax return benefits: National Pension System (NPS) also offers this 'hidden' tax relief
If a person is interested to join NPS, he/she should be between the age brackets of 18 to 60 years of age. For registration, just a PRAN (Permanent Retirement Account Number) application is needed from any of the Point of Presence - Service Providers (POP-SP) to register with.
Under the NPS, once a person attains the age of 60 years, he/she can withdraw up to 60% of accumulation as lump sum and rest 40% will be converted into pension. Representational Image, source: Pixabay