Interpreted Prediction
Upon retirement at age 60, up to 60% of the NPS Tier 1 corpus can be withdrawn tax-free. The remaining 40% must be converted into an annuity, the income from which will be taxable according to the individual's tax slab.
AI Evaluation Notes
The prediction that upon retirement at age 60, up to 60% of the NPS Tier 1 corpus can be withdrawn tax-free and the remaining 40% must be converted into an annuity, the income from which will be taxable as per the individual's tax slab is accurate as of January 9, 2026 [cite: i, j, k]. Multiple sources confirm this is the current taxation rule for NPS Tier 1 withdrawals.