IMPORTANT UPDATE FOR OLD SCHEME ITR FILERS:
You may have heard so much news about changes related to claim of Deductions…
Now that ITR Utilities are out & third party softwares have incorporated all changes – I have had the chance to analyze all deduction related changes:
Read full for Deduction-related changes in ITR Forms for AY 2025-2026.
Home Loan Interest (Section 24(b))
To claim deduction on interest paid on housing loan:
✅ Name of Lender
✅ Loan Account Number
✅ Date of Sanction of Loan
✅ Total Amount of Loan Sanctioned
✅ Closing Balance of the Loan as on 31st March
✅ Total Interest Paid during the Year
Life Insurance Premium (Section 80C)
✅ Policy Number of each policy
✅ Name of the insurer (if not already pre-filled)
Section 80CCD – NPS Contributions
✅ PRAN (Permanent Retirement Account Number)
✅ Amount Contributed
✅ Name of NPS Trustee/Issuer
Health Insurance Premium (Section 80D)
✅ Name of the Insurance Company
✅ Policy Number
✅ Premium Paid
✅ Type of Relationship with Insured (self/spouse/parent/etc.)
Medical Treatment of Specified Diseases (Section 80DDB)
✅ Name of the Specified Disease
Loan for Purchase of Electric Vehicle (Section 80EEB)
✅ Name of the Loan Provider
✅ Loan Account Number
✅ Date of Loan Sanction
✅ Loan Amount
✅ Outstanding Loan Balance (31st March)
✅ Interest Paid
✅ Vehicle Registration Number
Education Loan Interest (Section 80E)
✅ Name of Lender
✅ Loan Account Number
✅ Date of Sanction of Loan
✅ Total Loan Amount Sanctioned
✅ Closing Balance as on 31st March
✅ Interest Paid during the Year
Section 80EE & 80EEA – Interest on Loan for Affordable Housing Schemes
✅ Name of the lender
✅ Loan account number
✅ Date of loan sanction
✅ Total loan amount sanctioned
✅ Outstanding loan balance as on 31st March
✅ Interest paid during the year
