Under the NPS rules applicable to government sector subscribers at the time of superannuation (normal exit at age 60), which of the following CORRECTLY describes the lump sum withdrawal and annuity structure?

For government sector NPS subscribers at normal exit, the 60:40 rule continues even after the 2025 amendments: up to 60% of the accumulated corpus can be withdrawn as a lump sum — completely tax-free under Section 10(12A) of the Income Tax Act — while at least 40% must be used to purchase an annuity from a PFRDAregistered Annuity Service Provider (ASP). The 2025 amendments extended greater flexibility to non-government (All Citizen Model and Corporate NPS) subscribers, who can now withdraw up to 80% as lump sum with only 20% mandatory annuity. However, for government employees, the 60:40 structure remains. If the total corpus is ₹8 lakh or less, 100% lump sum withdrawal is permitted for all.