Match the following provisions of the Income-tax Act, 2025 with the payments they cover, subject to…
Section 126 covers health-insurance premiums, while section 123 read with Schedule XV includes qualifying pension-annuity contributions. Section 133 deals with eligible…
Choose your answer
Match the following provisions of the Income-tax Act, 2025 with the payments they cover, subject to eligibility conditions:
| List-I | List-II |
| (a) Section 126 | (i) Qualifying pension-annuity contributions to LIC |
| (b) Section 123 read with Schedule XV | (ii) Interest on a loan for higher education |
| (c) Section 133 | (iii) Health Insurance |
| (d) Section 129 | (iv) Donation |
Answer and explanation
Correct answer C
Section 126 covers health-insurance premiums, while section 123 read with Schedule XV includes qualifying pension-annuity contributions. Section 133 deals with eligible donations, and section 129 covers interest on loans for higher education. These deductions remain subject to their eligibility conditions and the applicable tax regime.
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Himachal Pradesh SET (HP SET)