
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.