Thus, while PF offers security and assured returns, NPS offers high risk and high returns. ... The choice between NPS and EPF depends on the knowledge of the taxpayer, risk appetite of the employee, options exercised by the employee, the returns, security, lock-in, liquidity, maturity etc.
You can opt for both NPS and PF from your employer. Also, you can continue self-contribution to NPS, even as your employer contributes. Your tax benefits are as follows: Your PF contribution is allowed as a deduction under Section 80C, wherein the maximum deduction amount is Rs 1.5 lakh