India, Dec. 30 -- By Kaushal Verma

Mumbai (Maharashtra) [India] December 30 (ANI): The pension industry has requested the government to restore the additional Rs 50,000 tax benefit for the National Pension System (NPS) under the new tax regime in the upcoming Union Budget as the incentives are critical to widen coverage beyond salaried Indians, Axis Pension Fund CEO and Managing Director Sumit Shukla told ANI today.

"Tax benefit of 50,000 under 80 C should come to NPS for new tax regime. The recommendation has gone from industry to government," Shukla told ANI in an exclusive interview, adding that "Today, NPS is suffering because we used to have 50,000 rupee tax benefit in old tax regime but that's gone in new tax regime."

He said tha...