Securing Hannav Ledger...
Securing Hannav Ledger...
Calculate NPS tax deductions under Sections 80CCD(1), 80CCD(1B), and 80CCD(2). Enter annual income, employee and employer NPS contributions, and choose Old or New Tax Regime.
Enter income and NPS contribution details
Gross annual salary used for employer NPS cap (10% of income)
Your employee contribution to NPS Tier-I
Employer NPS contribution under Section 80CCD(2)
₹2,70,000
₹76,960
₹50,000
| Component | Amount |
|---|---|
| Annual Income | ₹12,00,000 |
| Employee NPS Contribution | ₹1,50,000 |
| Employer NPS Contribution | ₹1,20,000 |
| Section 80CCD(1) via 80C | ₹1,50,000 |
| Section 80CCD(1B) Additional | ₹0 |
| Section 80CCD(2) Employer | ₹1,20,000 |
| Total Eligible NPS Deduction | ₹2,70,000 |
| Maximum Possible Deduction | ₹3,20,000 |
| Remaining Eligibility | ₹50,000 |
| Tax Before NPS Benefits | ₹1,79,400 |
| Tax After NPS Benefits | ₹1,02,440 |
| Tax Saved | ₹76,960 |
Eligible = 80CCD(1) + 80CCD(1B) + 80CCD(2); Tax Saved = Tax Before - Tax AfterNPS tax benefits under Section 80CCD. Employer deduction available in both regimes.
NPS offers deductions under 80CCD(1), 80CCD(1B), and 80CCD(2). Employee benefits apply under Old Regime only.
80CCD(1) up to Rs 1.5L, 80CCD(1B) additional Rs 50K, 80CCD(2) employer up to 10% of income.
Old Regime: all three sections. New Regime: only employer 80CCD(2).
Employer NPS deductible up to 10% of salary in both regimes.
Example 1: Old Regime, Income Rs 12L, Employee Rs 1.5L, Employer Rs 1.2L → Total Rs 2.7L. Example 2: Employee Rs 2L → 80CCD(1B) Rs 50K kicks in. Example 3: New Regime → only employer Rs 1.2L.
NPS Tax Benefit Limits
Max employee benefit (Old Regime): ₹2,00,000. Employer NPS deductible in both regimes.