Submission of an Income Tax Return for A.Y. 2025-26

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Dear Sir,

            With respect to above mentioned subject line would like to let you know that one of my Client is liable to pay Income Tax on higher notes under New Regime because his Income exceeds threshhold limits of Rs. 7,00,000/- for A.Y. 2025-26. An Individual is a Salaried Employee, request you to kindly let me know how shall I save his Income Tax, I tried with all the deductions applicable under New Tax Regime which he didn't opted till now. Kindly advice.

Warm Regards,

Aditya Ghatge  

Replies (2)
Quick Summary
This discussion addresses how to save income tax for a salaried employee whose income exceeds the ₹7,00,000 threshold under the New Tax Regime for AY 2025-26. The advice focuses on utilising the Standard Deduction and National Pension System (NPS) under sections 80CCD(1B & 2) as key tax-saving tools. The primary aim is to reduce taxable income to ₹7L or below to benefit from the rebate under section 87A.

For A.Y. 2025–26 under New Regime, the main legal tax-saving tools are Standard Deduction + NPS (u/s 80CCD(1B & 2)). The goal should be to keep taxable income at or below ₹7L to claim full rebate u/s 87A.

Thank You for your kind advice.

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