The pension regulator has urged for more tax parity between the National Pension System (NPS) and other pension schemes. “This tax exemption of up to 40% of the retirement corpus is a very big step that the government has taken and which brings us closer to EPF (employee provident fund) and other pension products,“ Pension Fund Regulatory and Development Authority Chairman Hemant Contractor said. “So, it is a welcome move ... Hopefully ... we should see some parity between the other pension schemes.“ FM Arun Jaitley in the 2016-17 budget announced that withdrawal of up to 40% of the corpus at the time of retirement will be made tax exempt in the case of NPS. Contractor said under the NPS scheme, there has been higher growth from the voluntary or nongovernment sector. At present, the total subscriber base under NPS is 1.18 crore and the fund under management is `. 1.15 lakh crore. Contractor said the launch of the eNPS online platform to open new accounts and make contribution...