Question

What is the overall maximum monetary deduction limit available under Section 123 read with Schedule XV for qualifying investments/expenses, and under which tax regime can this benefit be claimed?

A ₹1,50,000; available under both the Old and New Tax Regimes
B ₹1,50,000; available only under the Old Tax Regime
C ₹2,00,000; available only under the New Tax Regime
D ₹2,50,000; available under both the Old and New Tax Regimes
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