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What this article will cover
A full webnotes article on Section 123 of the Income-tax Act 2025 will cover the deduction of up to Rs 1,50,000 for the sums listed in Schedule XV, the successor from tax year 2026-27 to section 80C of the Income-tax Act 1961, and its exclusion from the default regime under section 202, with internal links to neighbouring topics on webnotes.in and a references section pointing to primary sources.
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