Income Tax Return 2026: These 6 Forgotten Deductions Could Help Reduce Your Taxable Income

Filing an Income Tax Return is not only about reporting your income and paying the tax due. Taxpayers also need to review the deductions and exemptions they may be eligible to claim. Several commonly used investments, insurance payments, loan interest costs and donations can qualify for tax benefits under the old tax regime. However, the availability of these deductions depends on the applicable rules and the tax regime selected. Before submitting your ITR, it is important to compare your options carefully and keep the necessary documents ready.