Digital & Tax Learning
Digital & Tax Learning
May 31, 2025 at 11:41 AM
@catiwaritax Claiming Deductions from Salaries ? Here are all the major changes in ITR-1 and ITR-4 for AY 2025-26 (Old Regime) related to ITR Deductions, summarized in on place: 1.HRA (House Rent Allowance) – Must report Place of Work, Basic Salary, Actual HRA received, Rent paid. 2.Section 80C – Mandatory to mention Policy Number or Document Identification Number for eligible investments. 3.Section 80D – Must provide Name of Insurance Company and Policy Number for health insurance premiums. 4.Section 80E – Need to report Bank Name, Loan A/C Number, Sanction Date, Loan Amount, Outstanding Balance for education loan. 5.Section 80EE – Same disclosure as 80E for loan on residential house property. 6.Section 80EEA – Similar details required for loan on certain house property. 7.Section 80EEB – Must disclose Bank Name, Loan Details and Vehicle Registration Number for EV loans. 8.Section 80DDB – Must specify the Name of Specified Disease for medical treatment deduction.

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