ITR Filing for Salaried Individuals – Important New Requirements for AY 2025–26

ITR Filing for Salaried Individuals – Important New Requirements for AY 2025–26 

Are you a salaried employee preparing to file your Income Tax Return (ITR) for the Assessment Year 2025–26? If so, you need to be aware of some key changes introduced this year that require you to furnish additional information to claim deductions under various sections.

Let’s walk you through the details you need to keep handy to ensure a smooth and error-free filing experience.

🔴 What’s New This Year?

Starting from AY 2025–26, the Income Tax Department mandates taxpayers to provide specific details for claiming deductions under the old tax regime. These disclosures ensure transparency and proper validation of deductions.

📝 Mandatory Details for Claiming Deductions

📌 1. Life Insurance Premiums

If you're claiming deductions under Section 80C for life insurance policies:

  • You must report the Policy Number in your ITR.

📌 2. Health Insurance Premiums

Under Section 80D, details are now mandatory:

  • Name of the Insurance Company

  • Policy Number

This applies to policies for self, family, or parents.

📌 3. Home Loan Interest Deduction [Section 24(b)]

If you’re claiming deduction on interest paid on housing loans, you must now submit:

  • Name of the lender

  • Loan account number

  • Date of sanction

  • Total loan amount

  • Outstanding balance as on 31st March

  • Total interest paid during the year

These details are required even if you're already claiming principal repayment under Section 80C.

📌 4. Education Loan Interest [Section 80E]

For deductions related to education loans:

  • Name of the lender

  • Loan account number

  • Sanction date

  • Total loan amount

  • Closing balance on 31st March

  • Interest paid during the year

These are often overlooked, but failing to provide them could result in rejection of the deduction.

📌 5. Electric Vehicle (EV) Loan Interest [Section 80EEB]

With rising EV adoption, if you’re claiming deductions for an EV loan:

  • Name of the lender

  • Loan account number

  • Date of sanction

  • Total loan amount

  • Closing balance as on 31st March

  • Interest paid

  • Vehicle registration number (Mandatory new requirement)

✅ Why Are These Details Important?

The government has taken this step to:

  • Prevent false claims

  • Increase accountability

  • Match deductions with actual transactions reported by lenders/insurers

Missing or incorrect data may lead to processing delays, deduction denial, or even scrutiny.

📁 Pro Tips to File Stress-Free:

✔️ Gather all loan sanction letters, interest certificates, and policy documents beforehand
✔️ Cross-check the name and account numbers
✔️ Download and review the latest ITR Excel Utility
✔️ Use professional help if needed to avoid errors

🧑‍💼 Need Help Filing Your Return?

At Taxla Services, we specialize in filing ITRs for salaried individuals, ensuring:

  • Maximum eligible deductions

  • Accurate disclosures

  • On-time filing with peace of mind

📍 Visit us at: 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093
📞 Call/WhatsApp: 9600076134

💼 Make Your ITR Filing Hassle-Free with Tax Experts by Your Side!



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