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iqbackoffice com 2024 for experts ✌️【Portfolio】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now! UPS vs NPS: The tax implications remain somewhat unclear.

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.iqbackoffice com 2024 for experts Start Your Part-Time Career Today