The union cabinet today has cleared five changes to the national pension scheme (NPS or CPS). The most important is that the NPS now has EEE status and the corpus that you can withdraw is tax-free. EEE means, that the money you invest in the scheme (up to a limit) is an exempt income tax(1st Exemption) The growth of the money(profit) while you remain invested is exempt from income tax (2nd Exemption) and the corpus that we withdraw (subject to limits in NPS) is also exempt from income tax (3rd Exemption). Prior to this announcement is done, NPS had a …