For tax year 2026-27, under the old tax regime in the Income-tax Act, 2025, the deduction from family…
The deduction is the lower of Rs. 15,000 and one-third of family pension. This is the old-regime limit under section 93(1)(d)(ii) of the Income-tax Act, 2025.
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For tax year 2026-27, under the old tax regime in the Income-tax Act, 2025, the deduction from family pension is restricted to:
Answer and explanation
Correct answer D
The deduction is the lower of Rs. 15,000 and one-third of family pension. This is the old-regime limit under section 93(1)(d)(ii) of the Income-tax Act, 2025.
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Gujarat SET (GSET)