NPS helps not only in reducing the taxable income but also to lead a food life post retirement. SEBI registered tax and investment expert Manikaran Singhal said that partial withdrawl is allowed to an NPS Account holder. A person can withdraw up to 25% of one’s net contribution which is 100 per cent income tax exempted under Section 12B of the Income Tax Act, 1961. Another SEBI registered tax and investment expert said that GST is levied at 18% on annuity buying but no GST is levied under NPS Scheme.