Section 11 of the Income Tax Act, 2025, replaces the earlier Section 10 of the Income Tax Act, 1961. This section deals with income received during a tax year that is not included when calculating the total taxable income of the tax payer. The new Income Tax Act, 2025, aims to combine the different provisions of Section 10 and its sub-sections from the older Income Tax Act, 1961. This has been designed to promote improved legal structure and simplified re-organisation of various provisions included in this Act.

Section 126 of the Income Tax Act, 2025, features details of deductions applicable to health insurance premiums, health check-ups and other key medical costs. This provision primarily replicates the tax rules specified in Section 80D of the Income-tax Act, 1961. Section 126 of the revised Income Tax Act, 2025 however presents the tax deduction benefits in a re-organised manner for simpler understanding.

Section 124 of the Income Tax Act 2025 is a powerful provision that lets you and your employer build a tax-efficient corpus for your retirement. Unlike the old Section 80CCD under the 1961 Act, which was considered more rigid with fragmented provisions and potential ambiguities. The new section is designed to be more streamlined and simplified in comparison.

Rising pollution, stress, and sedentary lifestyles have increased health problems in India. A study in 2025 reveal that nearly 71% of Indians believe healthcare costs have surged. Almost 1 in 5 individuals skipped essential treatment due to financial constraints. Under such circumstances, having comprehensive health insurance becomes a necessity. These plans cover a wide range of diseases and medical treatments. They help with healthcare expenses pre and post hospitalisation. As a result, individuals can focus on recovery without draining their savings.

Section 123 of the Income Tax Act, 2025, in India, sets out the specific provisions governing income reporting and taxation. This section has to read with Schedule XV of the Income Tax Act, 2025. Considered together, Section 123 and Schedule XV of Income Tax Act, 2025 are designed to replicate the well known Section 80C of the earlier Income Tax Act, 1961.