NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explained

Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program provides considerable tax advantages as per the Indian Income Tax Act, allowing annual contributions to be deducted up to two lakh rupees. While withdrawals made after the age of sixty are primarily tax-free, it's important to note that annuity income is subject to taxation.