For an individual who has opted out of the new tax regime under section 202 of the Income-tax Act, 2025, which of the following contributions does NOT qualify for deduction under section 123 read…

Section 123 of the Income-tax Act, 2025 allows a deduction for the sums listed in Schedule XV, which covers an employee's contribution to a recognised provident fund, to an approved superannuation fund and to the provident fund set up and notified by the Central Government (the Public Provident Fund). Nothing in Schedule XV covers a fund that is not recognised, so a contribution to an unrecognised provident fund earns no deduction. The superannuation fund is a tempting choice, but it is expressly listed in the Schedule.