Claiming Deductions from Total Income in ITR-1 and ITR-4 (AY 2025-26) – What You Need to Know 📊

As the Income Tax Return (ITR) filing season approaches for the Assessment Year 2025-26, taxpayers who are opting for the Old Tax Regime must stay informed about key deduction-related changes in ITR-1 and ITR-4.

Whether you’re a salaried individual or a professional opting for a presumptive income scheme, these deduction disclosures play a vital role in ensuring accuracy and compliance with the updated return forms. Here's a clear breakdown of the major updates:

🔹 1. House Rent Allowance (HRA)

If you're claiming HRA under Section 10(13A), it is now mandatory to disclose:

  • Place of work

  • Basic salary

  • Actual HRA received

  • Rent paid

✅ Tip: Keep rental receipts and landlord PAN (if rent exceeds ₹1 lakh) handy for verification.

🔹 2. Section 80C – Investments & Savings

While claiming deductions under Section 80C (like LIC, PPF, ELSS, etc.), the taxpayer must now mention either the Policy Number or Document Identification Number for each eligible investment.

📝 This ensures greater transparency and traceability of the investment made.

🔹 3. Section 80D – Medical Insurance

You are required to specify the name of the insurance company and the policy number for premiums paid towards health insurance for self, family, or parents.

🔹 4. Section 80E – Education Loan

Claiming this deduction? Make sure to provide:

  • Bank Name

  • Loan A/C Number

  • Sanction Date

  • Loan Amount

  • Outstanding Balance

🎓 This helps the department authenticate genuine interest payments on education loans.

🔹 5. Section 80EE – Housing Loan (First-time homebuyers)

Same details as 80E must be disclosed for claiming interest on loans taken for residential house properties:

  • Loan amount, sanction details, and lender information

🔹 6. Section 80EEA – Affordable Housing Loan

Similar to Section 80EE, taxpayers availing this benefit must report:

  • Sanction date

  • Property type

  • Loan details for affordable housing

🔹 7. Section 80EEB – Electric Vehicle (EV) Loan

For loans taken to purchase EVs:

  • Mention the Bank Name

  • Loan Account Details

  • Vehicle Registration Number

⚡️ EV buyers, don’t miss out on this eco-friendly tax benefit!

🔹 8. Section 80DDB – Treatment for Specified Diseases

If you're claiming a deduction for treatment of specified ailments:

  • Disclose the name of the disease

  • Keep medical certificates ready

🏥 Applicable for serious illnesses like cancer, chronic renal failure, and other notified diseases.

✅ Final Thoughts

Filing ITR correctly is no longer just about entering income and deductions. Detailed disclosures and accuracy are now critical in the era of digitized scrutiny and pre-filled returns.

Let Taxla Services help you file your ITR with 100% compliance and peace of mind!

📞 Contact Taxla Services:

#ITR2025 #IncomeTaxIndia #TaxDeductions #TaxSaving #TaxPlanning #TaxlaServices #ChennaiAuditor #BestAuditorInTamilnadu #Section80C #HRA #IncomeTaxReturn



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