3. Budget 2016: Make NPS more attractive - The National Pension Scheme is widely advocated by the Government. However, it is taxed in a manner that even though there are tax exemptions at the time of making investments, there is taxation when the corpus is encashed along with the returns on the investment. This makes NPS less attractive as compared to other investment avenues that allow for tax free withdrawal. Therefore, in order to make the NPS more attractive, there is an expectation that the FM will make the withdrawal under NPS tax free to bring it with par with other pension oriented schemes.