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    <title>Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc.</title>
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    <description>An individual or a Hindu undivided family is entitled to a deduction for amounts paid or deposited in the tax year for items enumerated in Schedule XV, including life insurance premia, deferred annuity and provident fund contributions, provided such aggregate does not exceed the statutory ceiling and the conditions specified in Schedule XV are met when computing total income for that year.</description>
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      <description>An individual or a Hindu undivided family is entitled to a deduction for amounts paid or deposited in the tax year for items enumerated in Schedule XV, including life insurance premia, deferred annuity and provident fund contributions, provided such aggregate does not exceed the statutory ceiling and the conditions specified in Schedule XV are met when computing total income for that year.</description>
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