Fact-check notes
Last fact-checked: 2026-05-26
Transition rule: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. The Income-tax Act 2025 Tax Year terminology applies for income earned from 1 April 2026 onward.
This page is written from official portal guidance and the supplied Batch 11 brief. Any future-dated form, rule or portal workflow should be verified in the active utility before filing or advising a client.
What this covers
This reference maps familiar old 80C investments to the new Section 123-style planning language while keeping AY 2026-27 filing under old Act references.
- PPF, EPF, ELSS, life insurance, NSC, five-year FD, SSY, SCSS and tuition fees.
- Compare lock-in, risk, liquidity and tax treatment before investing.
- Use old regime only unless the current utility allows the deduction.
Who this is for
- Salaried taxpayer choosing deductions.
- Parent paying school fees.
- Investor comparing ELSS vs PPF.
- Homeowner claiming principal repayment.
Documents and data to verify
- Investment receipt.
- Policy certificate.
- School fee receipt.
- Home loan certificate.
Common mistakes to avoid
- Investing only for tax without liquidity plan.
- Counting ineligible fees or premiums.
- Claiming beyond combined limit.
- Using deduction in new regime incorrectly.
How to proceed
- Confirm the applicable year, taxpayer type, state, registration status and portal form before acting.
- Reconcile the official portal data with books, bank statements, certificates, invoices and notices.
- Prepare a written computation, filing note, document checklist or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is the page a substitute for professional advice?
No. Use it to prepare. A professional should check the current portal utility, official source and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, opinion or representation.