Paragraph matches

First paragraph125 words

FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

100.0%

Second paragraph125 words

FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

First paragraph16 words

Retire Grand with Flexi Benefits

Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments

100.0%

Second paragraph16 words

Retire Grand with Flexi Benefits

Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments

First paragraph9 words

Save, Dream, Plan. Live Peacefully

Option to choose premium payment term Get Tax benefits

100.0%

Second paragraph9 words

Save, Dream, Plan. Live Peacefully

Option to choose premium payment term Get Tax benefits

First paragraph26 words

Popular Searches

Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator

100.0%

Second paragraph26 words

Popular Searches

Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator

First paragraph27 words

Popular Searches

Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?

100.0%

Second paragraph27 words

Popular Searches

Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?

First paragraph14 words

Popular Searches

Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans

100.0%

Second paragraph14 words

Popular Searches

Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans

First paragraph13 words

Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

100.0%

Second paragraph13 words

Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

First paragraph61 words

Retirement - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

100.0%

Second paragraph61 words

Retirement - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

First paragraph40 words

80CCD(1): The Primary Deduction Avenue

Under the Old Tax Regime, you can claim a deduction for your contribution to the NPS Tier I account, subject to the following limits: For Salaried Employees: The maximum deduction is limited to 10% of your Salary (Basic + Dearness Allowance).

81.3%

Second paragraph45 words

Tax Benefits Available Under NPS (National Pension System)

Eligible for tax deduction on the amount contributed as the employer's contribution towards the NPS account of employees, up to 10% of the salary (Basic + DA) of the employer's contribution, named under 'Business Expense' from the Profit & Loss Account under section 36(1)(iv)(a).

First paragraph34 words

A Quick Recap of Section 80CCD

Section 80CCD of the Income Tax Act, 1961, governs the tax deductions available for contributions made towards notified pension schemes, primarily the National Pension System ( NPS ). This section is divided into three critical components:

63.7%

Second paragraph65 words

Tax Benefits Available Under NPS (National Pension System)

Under Section 124 of the Income Tax Act, 2025 (previously referred to as Section 80CCD(1) of the Income Tax Act of 1961 ), contributions made towards the National Pension Scheme are eligible for a tax benefit. In addition, there exist further parts of the Income Tax Act, namely Section 124(3) (previously 80CCD(1B)) and Section 124 (previously 80CCDD(2)), that grant further tax benefits.

First paragraph46 words

The Enhanced Deduction Limit for All Employees

This means that an employer can contribute a higher percentage towards the employee's NPS account, and the employee can claim the entire amount as a deduction, regardless of the tax regime chosen. This is a huge plus point for salaried individuals under the New Tax Regime.

54.9%

Second paragraph45 words

Tax Benefits Available Under NPS (National Pension System)

Eligible for tax deduction on the amount contributed as the employer's contribution towards the NPS account of employees, up to 10% of the salary (Basic + DA) of the employer's contribution, named under 'Business Expense' from the Profit & Loss Account under section 36(1)(iv)(a).