← Content Overlap Report

A-960

First documentTax Saving Plans & Best Tax Saving Schemes in India FY 2026-27Open original ↗

→

A-962

Second documentSection 80C of Income Tax Act: Deductions & Tax Benefits in IndiaOpen original ↗

A-960 → A-962 A-962 → A-960

Low overlap

Document Overlap

10.0%

Top paragraph overlap

100.0%

Page comparison

Paragraph matches

Strongest non-zero match for each paragraph.

First paragraph63 words

Unit-Linked Insurance Plan (ULIP)

Premiums paid towards ULIPs are eligible for tax deduction under Section 80C, subject to an overall limit of ₹1.5 lakh, provided the policy conditions are met. ULIPs have a mandatory lock-in period of five years. Maturity proceeds and death benefits may be tax-exempt under Section 10(10D), subject to applicable premium and policy conditions as per current income tax rules.

36.7%

Second paragraph62 words

Deductions on Investment under Section 80C List

Investment in ULIPs: Unit Linked Insurance Plans (ULIPs) offer two-pronged benefits of both insurance and investment. While part of one’s premium is invested in insurance, the other portion is invested in market-linked funds. Premiums paid toward ULIPs taken in the name of self, spouse, or child are eligible for deduction as per Section 80C of the Income Tax Act.

First paragraph60 words

Equity-Linked Saving Scheme (ELSS)

An ELSS is a tax-saving, open-ended mutual fund scheme that invests at least 80% of its assets in equities. It is one of the most effective tax-saving investments for investors with a high-risk appetite. The main incentive in an ELSS fund is the possibility of a high long-term returns due to heavy investment in equity.

27.8%

Second paragraph75 words

Deductions on Investment under Section 80C List

Investment in ELSS: Equity Linked Savings Schemes are mutual funds that can be filed for tax deduction under Section 80C. They come with a lock-in period of 3 years. They are equity-linked and hence have chances of higher returns (along with higher risk). There is no limit on the amount that can be invested in ELSS. Returns above the ₹1 lakh threshold are subject to a 10% LTCG ( Long-Term Capital Gains ) tax.

First paragraph55 words

National Pension Scheme (NPS)

The account holder/employee’s contribution is eligible for a tax deduction under Section 80CCD(1) of the Income Tax Act. The maximum deduction that can be claimed is 10% of the salary (basic plus DA). If the investor is self-employed, deductions can be claimed for contributions up to 20% of the gross income.

21.5%

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 paragraph59 words

Unit-Linked Insurance Plan (ULIP)

ULIPs are a combination of insurance and investment. This means that the premium paid towards the policy goes partly towards life insurance and the rest is invested in diversified funds. You can invest in equity, debt, or money market funds, as per your risk appetite. These are one of the best tax-saving investments allowing you the flexibility of:

10.8%

Second paragraph62 words