Section 153 of the Income Tax Act, 2025 will replace Sections 80TTA and 80TTB of the Income Tax Act 1961. It consolidates and simplifies several earlier deduction rules, coming into force from April 1, 2026. Section 153 continues to allow deductions on interest income earned from bank, post office, and co-operative deposits.

Charitable and religious trusts in India can claim 100% tax exemption on their income as per current tax rules. But this exemption is applicable only if one key requirement is met. This tax rule is specified in Section 11 of the Income Tax Act, 1961. It is the single most important provision governing trust taxation, yet most trustees leave themselves exposed to losing exemption over avoidable compliance gaps.

Section 11 discusses how any income received from property for charitable uses is exempt from taxation when used for education, medical care, poverty relief, or religious activities. Trusts should be registered under Section 12AB and apply at least 85% of their income during the financial year toward these purposes.

Read on to know different provisions under Section 11, ranging from the filing requirements to investment norms and recent amendments. This can help eligible trusts maximise their tax efficiency and ensure tax compliance.

Tax-free income in India helps you maximise your savings while you follow current income tax laws. A careful review of tax-saving investment limits and exemptions can lower your taxes. It can also help you make smarter, legal financial decisions. With proper planning, you can keep more of your hard-earned money and avoid unnecessary taxes.

Section 129 of the Income Tax Act 2025 replaces Section 80E of the Income Tax Act 1961. Effective April 1, 2026, it provides tax relief on interest payments for education loans. Section 129 continues to provide a full deduction on interest paid without any upper limit. The eligibility and deduction period also remain the same.

Section 156 of the Income Tax Act 2025 provides a tax rebate for resident individuals, reducing their final tax liability. It is a replacement for Section 87A of the Income Tax Act, 1961. The provisions mentioned in Section 156 is designed to benefit tax payers who earn below a specific income level in a tax year. In effect eligible tax payers will be required to pay nil income tax or a relatively small amount of tax, if the conditions specified in Section 156 of Income Tax Act, 2025 are met.