Under the old tax regime, deduction under section 126 of the Income-tax Act, 2025 is available on:
Health insurance premium is eligible for the deduction under section 126 of the Income-tax Act, 2025, subject to its conditions. Provident-fund contributions and life…
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Under the old tax regime, deduction under section 126 of the Income-tax Act, 2025 is available on:
Answer and explanation
Correct answer B
Health insurance premium is eligible for the deduction under section 126 of the Income-tax Act, 2025, subject to its conditions. Provident-fund contributions and life insurance premiums fall under different deduction provisions and do not qualify as health insurance premiums.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)