TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Deduction Limit: Up to 1.5 Lakh for Insurance, Annuities, Provident Funds under Clause 123 of Income Tax Bill 2025.</h1> An individual or a Hindu undivided family is entitled to a deduction for the total amount paid or deposited in a tax year for specified payments, such as life insurance premiums, deferred annuities, and contributions to provident funds. This deduction is capped at one lakh fifty thousand rupees and is subject to conditions outlined in Schedule XV, as stipulated in Clause 123 of the Income Tax Bill, 2025.
TaxTMI 
TaxTMI 
