Pension watchdog for tax parity between NPS and EPF

FSDC holds first meeting after demonetisation; Jaitley says economy robust in fundamentals

The pension regulator has sought tax parity between the National Pension System (NPS) and the Employees' Provident Fund (EPF) in the coming Union Budget. 

Hemant Contractor, chairman of the Pension Fund Regulatory and Development Fund Authority (PFRDA), made this suggestion at a meeting on Thursday with the finance minister and officials. 

He was here in connection with the first meeting after demonetisation of high-value currency notes of the Financial Stability and Development Council (FSDC).

Coming out of the meeting, Contractor said he'd made a case for EEE-status (meaning, exemption at all three stages of investment, accretion and withdrawal) for NPS,