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.

Following the right investment process when planning your finances helps you reduce risks and optimise returns. It enables you to grow your money and achieve your financial goals. By choosing the right investment instruments, you can avoid market fluctuations as well. Let us now discuss the meaning of investment process and how you can follow it.

The rising medical expenditures in India can drain your hard-earned savings in case of a medical emergency. In such cases, a medical indemnity policy can shield you from financial losses by compensating for the actual expenses incurred through a cashless or reimbursement claim process.

Thus, it is a suitable option for individuals seeking financial protection in case of medical emergencies.

When you are considering buying a health insurance plan, particularly one that covers critical illnesses, it is prudent to know certain provisions that influence claim eligibility. A survival period in health insurance is one of such clauses, and it may determine whether and when a policyholder can receive the sum insured upon diagnosis.

Most policyholders mix the waiting period with the survival period. Understanding these concepts helps you make right choices and ensures your financial plan aligns with real-world healthcare needs.