7 Additional Information and Details required in ITR-1 and ITR-4 for A.Y. 2025–26 especially for Taxpayers in Old Regime The Income Tax Department has released the updated ITR-1 and ITR-4 forms for Assessment Year 2025–26, and taxpayers under the Old Tax Regime need to be aware of several significant changes. These revisions aim to bring more transparency and accountability in the reporting of exemptions and deductions. 1. Enhanced Disclosure for House Rent Allowance (HRA) Taxpayers claiming HRA exemption must now provide comprehensive details, including: •Place of Work •Actual HRA Received •Actual Rent Paid •Basic Salary and Dearness Allowance •50% or 40% of Basic Salary, depending on whether the city is metro or non-metro This change ensures precise calculation of HRA exemption under Section 10(13A). 2. Section 80C Deduction: Additional Documentation Required To claim deductions under Section 80C, such as PPF contributions and insurance premiums, the following information must be disclosed: •Document or Receipt Number •PPF Account Number •Insurance Policy Number 3. Section 80D: Health Insurance Details Taxpayers claiming deductions under Section 80D for medical/health insurance must now provide: •Name of the Insurance Company •Policy or Document Number 4. Section 80E: Education Loan Interest For deductions on interest paid on education loans under Section 80E, the following details are now mandatory: •Name of the Lender •Bank Name •Loan Account Number •Date of Loan Sanction •Total Loan Amount •Loan Outstanding as on 31st March 5. Section 80EE / 80EEA: Interest on Home Loan Similar disclosures are required for interest deductions under Section 80EE or 80EEA for residential house property: •Name of the Lender •Bank Name •Loan Account Number •Date of Loan Sanction •Total Loan Amount •Loan Outstanding as on 31st March 6. Section 80EEB: Electric Vehicle Loan Interest For interest paid on loans taken for the purchase of electric vehicles under Section 80EEB, taxpayers must provide: •Name of the Lender •Bank Name •Loan Account Number •Date of Loan Sanction •Total Loan Amount •Loan Outstanding as on 31st March 7. Section 80DDB: Treatment of Specified Diseases Taxpayers claiming deductions under Section 80DDB for medical treatment of specified diseases are now required to mention the: •Name of the Specified Disease