Under the Income-tax Act, 2025, for the tax year 2026-27, a resident individual with a severe…
Section 154 of the Income-tax Act, 2025 allows a resident individual certified as a person with severe disability (80% or more) a fixed deduction of Rs. 1,25,000, whatever…
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Under the Income-tax Act, 2025, for the tax year 2026-27, a resident individual with a severe disability of 80 per cent or more who has opted out of the new tax regime can claim deduction from his gross total income under section 154 an amount of __________.
Answer and explanation
Correct answer C
Section 154 of the Income-tax Act, 2025 allows a resident individual certified as a person with severe disability (80% or more) a fixed deduction of Rs. 1,25,000, whatever the actual expenditure. A resident individual with a disability of 40% or more but below 80% gets Rs. 75,000. The deduction is not available to an individual taxed under the default new tax regime.
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Telangana SET (TG SET)