Document Overlap
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First documentIs NPS Tax Benefit Available in New Tax Regime? | NPS Deduction RulesOpen original ↗
A-962
Second documentSection 80C of Income Tax Act: Deductions & Tax Benefits in IndiaOpen original ↗
Low overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph13 words
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
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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.
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Second paragraph61 words
Tax Savings - 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 paragraph15 words
A Quick Recap of Section 80CCD
Section 80CCD(2): Covers the deduction for the employer's contribution on behalf of the employee.
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Second paragraph114 words
Deductions under Sub-sections of Section 80C
Section 80CCD: Section 80CCD(1)- Employee Contribution: Tax can be deducted on the amount deposited in the account under your pension scheme . The maximum deduction would be the lesser of 10% of the salary (for salaried employees) or 20% of the gross total income (for self-employed individuals) or Rs. 1.5 lakh. Section 80CCD(1B) - Self Contribution: This section provides an added deduction of upto Rs.50,000 on a deposit in the NPS (National Pension Scheme) or Atal Pension Yojana account. Section 80CCD(2) - Employer’s Contribution: An additional deduction can be claimed on employer’s contribution to the pension account for upto 10% of the salary. There is no deduction limit.
First paragraph28 words
A Quick Recap of Section 80CCD
Section 80CCD(1): Covers the deduction for the individual's own contributions (employee or self-employed). Section 80CCD(1B): Covers an additional deduction exclusively for the individual's NPS contributions.
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Second paragraph114 words
Deductions under Sub-sections of Section 80C
Section 80CCD: Section 80CCD(1)- Employee Contribution: Tax can be deducted on the amount deposited in the account under your pension scheme . The maximum deduction would be the lesser of 10% of the salary (for salaried employees) or 20% of the gross total income (for self-employed individuals) or Rs. 1.5 lakh. Section 80CCD(1B) - Self Contribution: This section provides an added deduction of upto Rs.50,000 on a deposit in the NPS (National Pension Scheme) or Atal Pension Yojana account. Section 80CCD(2) - Employer’s Contribution: An additional deduction can be claimed on employer’s contribution to the pension account for upto 10% of the salary. There is no deduction limit.
First paragraph31 words
Comparative Analysis: Old vs. New Regime NPS Benefits
80CCD(1B) - Additional ₹50,000 AVAILABLE (over and above ₹1.5L limit) The primary tax sweetener for NPS is lost 80CCD(2) - Employer Contribution 10% (Private) or 14% (Govt.) of Salary
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Second paragraph49 words
NPS Deduction Example:
Deduction of Additional Rs 50,000 [80CCD(1B)] Employee Self-Contribution: Additional contribution over (10% of Basic + DA) Self-Employed: Additional contribution over (20% of gross annual income) Employer’s tax-exempt contribution to employees NPS [80CCD(2)]: 10% of Basic +DA (matching employee up to this limit only)
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:
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Second paragraph114 words
Deductions under Sub-sections of Section 80C
Section 80CCD: Section 80CCD(1)- Employee Contribution: Tax can be deducted on the amount deposited in the account under your pension scheme . The maximum deduction would be the lesser of 10% of the salary (for salaried employees) or 20% of the gross total income (for self-employed individuals) or Rs. 1.5 lakh. Section 80CCD(1B) - Self Contribution: This section provides an added deduction of upto Rs.50,000 on a deposit in the NPS (National Pension Scheme) or Atal Pension Yojana account. Section 80CCD(2) - Employer’s Contribution: An additional deduction can be claimed on employer’s contribution to the pension account for upto 10% of the salary. There is no deduction limit.