ITR-1 and ITR-4 has been released by the IT Department for A.Y. 2025-26 and have made major changes specially applicable for Old Regime.
New data fields and additional disclosure are now required in the ITR utilities. The major changes are:
House Rent Allowances
- Place of Work
- Actual HRA Received
- Actual Rent Paid
- Basic Salary
80C Deduction
- You have to mention Policy Number or Document Identification Number for investments (e.g., LIC, PPF).
80D Deduction
- Name of Health Insurance Company
- Policy Number
In case of 80E (Interest on loan taken for higher education), 80EE (Interest on loan taken for Residential House Property) & 80EEA (Interest on loan taken for Certain House Property) Deduction
- Loan taken from
- Name of bank from which loan is taken
- Loan account number of Bank
- Date of Sanction of Loan
- Total amount of Loan
- Loan outstanding as on 31st March
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