This comprehensive blog post outlines the significant changes introduced by the Income Tax Department for Assessment Year 2025-26 (FY 2024-25) concerning ITR-1 (Sahaj) and ITR-4 (Sugam) under the Old Tax Regime. It details the newly mandated annexures for claiming various deductions, including HRA, Section 80C, 80D, 80DD, 80DDB, 80E, 80EE, and 80EEB. Readers will find crucial information on the new required fields for each section, key points to remember for seamless e-filing, common validation errors to avoid, and important deadlines. The post emphasizes the importance of accurate data submission and retaining supporting documents to ensure tax compliance.

This blog details the simplified tax relief measures, exemptions, and deductions for senior and super senior citizens in India, as outlined by the Income Tax Department. It covers key aspects of the Old and New Tax Regimes, specific deductions for pension and interest income, medical expenses, and relaxed ITR filing norms for Assessment Years 2025-26 and 2026-27, empowering retirees for better financial management.

This blog explores how Indian taxpayers can maximise their income tax savings by leveraging both Section 80C and Section 80D of the Income Tax Act. While Section 80C focuses on investments and expenses like PPF, ELSS, and home loan principal repayment, Section 80D offers deductions on health insurance premiums and preventive health check-ups. By using these sections together, taxpayers can claim deductions up to ₹2,00,000 annually. The blog explains eligibility, deduction limits, strategic planning tips, and helps readers choose between the old and new tax regimes for optimal tax benefits.

This blog post provides a comprehensive breakdown of Section 80DDB of the Income Tax Act, 1961. It explains what Section 80DDB is, what diseases are covered, who can claim the deduction, and how to claim it during tax filing. Additionally, the blog post highlights important points to remember, such as deduction limits, reimbursement impact, and required documentation.

This blog post guides army personnel through the special tax exemptions and deductions available to them and helps them choose the right ITR form for filing their income tax return.

This blog post offers a concise overview of how to reduce your tax bill for the 2024-2025 financial year (FY) in India. It clarifies the difference between deductions and exemptions, highlighting popular options like Section 80C (investments) and Section 80D (health insurance). It also mentions other helpful sections and reminds readers to keep documentation organized. The synopsis emphasizes that strategic use of deductions and exemptions can save taxpayers money.