Mr. Saksham (aged 50 years) is a CEO of XYZ Enterprises (P) Ltd. During the P.Y.2025-26, he has earned the following income - salary of…

Mr. Saksham (aged 50 years) is a CEO of XYZ Enterprises (P) Ltd. During the P.Y.2025-26, he has earned the following income - salary of 45lakhslong-term capital gain on sale of listed equity shares (STT paid) amounting to 6,54,000dividend of 12,00,000 (gross) from shares of Indian companiesinterest on saving bank account with SBI of 16,000interest on fixed deposits with BOB of 45,000 Mr. Saksham has made the following payments towards medical insurance premium for health policies taken for his family members: Medical premium for his spouse aged 47 years:13,500 (by cheque)Medical premium for his mother aged 70 years:26,670 (by cheque)Preventive health check-up of 5,500 each for his wife and mother in cash. Mr. Saksham also incurred medical expenses, by credit card, of 17,000 for the treatment of his mother and of 27,000 for his father who is 73 years old. He has multiple life insurance policies. The details of such policies are given hereunder: Particulars X Y Z A B (Term insurance policy) Date of issue 1.4.2017 1.4.2023 1.4.2025 1.4.2024 1.3.2023 Annual premium 40,000 3,00,000 2,00,000 2,50,000 80,000 Date of maturity 31.3.2026 31.3.2032 31.3.2034 31.3.2033 28.3.2056 Consideration received on maturity (including bonus) 7,00,000 36,00,000 28,00,000 30,00,000 - Sum assured 5,00,000 33,00,000 25,00,000 27,00,000 2,00,00,000 From the information given above, choose the most appropriate answer to the following questions –