Apart from deduction under Section 80C, another investment option, where a taxpayer can claim additional deduction is the National Pension Scheme (NPS) a defined contribution- based pension system. At present, self-contribution towards NPS is allowed as deduction up to Rs 50,000 under Section 80CCD(1B) for those who have exhausted the deduction limit of Rs1.5 lakh. This additional benefit is given to no other tax-saving instrument and is exclusively available for NPS. To make it more attractive, the government could consider raising the limit of Rs 50,000 to Rs1 lakh. Further, government employees are allowed a deduction of 14 per cent of basic pay with respect to employer’s contribution towards NPS. However, this very limit has been restricted at 10 per cent of basic pay for private sector employees, which should also be raised to 14 per cent to bring them at par with their government counterparts. Such defined measures will make NPS an attractive retirement scheme and enable the government to realise its vision of creating a pensionable society.