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INCOME TAX LAWS
THE INCOME TAX ACT, 2025
CHAPTER VIII - DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME
B.—Deductions in respect of certain payments
Section 123 of Income Tax Act - Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
Section 124 of Income Tax Act - Deduction in respect of employer and assessee contribution to pension scheme of Central Government
Section 125 of Income Tax Act - Deduction in respect of contribution to Agnipath Scheme
Section 126 of Income Tax Act - Deduction in respect of health insurance premia
Section 127 of Income Tax Act- Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
Section 128 of Income Tax Act - Deduction in respect of medical treatment, etc
Section 129 of Income Tax Act - Deduction in respect of interest on loan taken for higher education
Section 130 of Income Tax Act - Deduction in respect of interest on loan taken for residential house property
Section 131 of Income Tax Act - Deduction in respect of interest on loan taken for certain house property
Section 132 of Income tax Act - Deduction in respect of purchase of electric vehicle
Section 133 of Income Tax Act - Deduction in respect of donations to certain funds, charitable institutions, etc
Section 134 of Income Tax Act - Deductions in respect of rents paid
Section 135 of Income Tax Act - Deduction in respect of certain donations for scientific research or rural development
Section 136 of Income Tax Act - Deduction in respect of contributions given by companies to political parties
Section 137 of Income Tax Act - Deduction in respect of contributions given by any person to political parties