{"id":373,"date":"2026-06-02T07:47:32","date_gmt":"2026-06-02T07:47:32","guid":{"rendered":"https:\/\/itradvisor.in\/wpblogs\/?p=373"},"modified":"2026-06-02T08:21:38","modified_gmt":"2026-06-02T08:21:38","slug":"tax-saving-opportunities","status":"publish","type":"post","link":"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/","title":{"rendered":"Salary Above \u20b910 Lakh? Don\u2019t File Your ITR Until You Check These 12 Tax-Saving Opportunities"},"content":{"rendered":"\n<p>Nidhi Adwani    June 2026  6min Read<\/p>\n\n\n\n<p>Many salaried employees assume that once TDS has been deducted by their employer, there is little they can do to save tax.<\/p>\n\n\n\n<p>That assumption often results in taxpayers paying more tax than legally required.<\/p>\n\n\n\n<p>Every year, we meet salaried professionals earning \u20b910 lakh, \u20b920 lakh, \u20b930 lakh or even higher salaries who miss important deductions, exemptions, and disclosures while filing their Income Tax Return (ITR).<\/p>\n\n\n\n<p><strong>The result?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Higher tax outgo<\/li>\n\n\n\n<li>Reduced refunds<\/li>\n\n\n\n<li>Incorrect return filing<\/li>\n\n\n\n<li>Future notices due to reporting mistakes<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/itradvisor.in\/wpblogs\/wp-content\/uploads\/2026\/06\/image-1.png\" alt=\"\" class=\"wp-image-375\" srcset=\"https:\/\/itradvisor.in\/wpblogs\/wp-content\/uploads\/2026\/06\/image-1.png 1024w, https:\/\/itradvisor.in\/wpblogs\/wp-content\/uploads\/2026\/06\/image-1-300x164.png 300w, https:\/\/itradvisor.in\/wpblogs\/wp-content\/uploads\/2026\/06\/image-1-768x419.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#Before_filing_your_ITR_for_AY_2026-27_review_these_12_important_tax-saving_opportunities\" >Before filing your ITR for AY 2026-27, review these 12 important tax-saving opportunities.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#1Section_80C_Investments_Up_to_%E2%82%B915_Lakh_Deduction\" >1.Section 80C Investments : Up to \u20b91.5 Lakh Deduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#2Health_Insurance_Premium_Section_80D\" >2.Health Insurance Premium : Section 80D<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#3Home_Loan_Interest_Deduction\" >3.Home Loan Interest Deduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#4_House_Rent_Allowance_HRA\" >4. House Rent Allowance (HRA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#5National_Pension_System_NPS_Benefits\" >5.National Pension System (NPS) Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#6_Interest_Income_Deductions\" >6. Interest Income Deductions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#7Education_Loan_Interest\" >7.Education Loan Interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#8Donations_Under_Section_80G\" >8.Donations Under Section 80G<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#9Leave_Travel_Allowance_LTA\" >9.Leave Travel Allowance (LTA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#10Additional_Benefits_for_Homeowners\" >10.Additional Benefits for Homeowners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#11_Choosing_the_Right_Tax_Regime\" >11. Choosing the Right Tax Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#12_Reviewing_AIS_Before_Filing_ITR\" >12. Reviewing AIS Before Filing ITR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#These_mistakes_can_lead_to\" >These mistakes can lead to:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#Case_Study\" >Case Study:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#1Is_Form_16_sufficient_for_filing_ITR\" >1.Is Form 16 sufficient for filing ITR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#2Can_incorrect_deduction_claims_trigger_a_notice\" >2.Can incorrect deduction claims trigger a notice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#3Is_salary_above_%E2%82%B910_lakh_taxable_under_the_new_regime\" >3.Is salary above \u20b910 lakh taxable under the new regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#4Should_salaried_employees_choose_the_old_or_new_tax_regime\" >4.Should salaried employees choose the old or new tax regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/itradvisor.in\/wpblogs\/tax-saving-opportunities\/#5Can_I_claim_deductions_after_my_employer_has_deducted_TDS\" >5.Can I claim deductions after my employer has deducted TDS?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Before_filing_your_ITR_for_AY_2026-27_review_these_12_important_tax-saving_opportunities\"><\/span>Before filing your ITR for AY 2026-27, review these 12 important tax-saving opportunities.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1Section_80C_Investments_Up_to_%E2%82%B915_Lakh_Deduction\"><\/span><strong>1.Section 80C Investments : Up to \u20b91.5 Lakh Deduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under the Old Tax Regime, Section 80C remains one of the most popular deductions.<\/p>\n\n\n\n<p><strong>Eligible investments include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employee Provident Fund (EPF)<\/li>\n\n\n\n<li>Public Provident Fund (PPF)<\/li>\n\n\n\n<li>ELSS Mutual Funds<\/li>\n\n\n\n<li>Life Insurance Premium<\/li>\n\n\n\n<li>Tax Saving Fixed Deposits<\/li>\n\n\n\n<li>Principal Repayment of Home Loan<\/li>\n\n\n\n<li>Sukanya Samriddhi Yojana<\/li>\n<\/ul>\n\n\n\n<p>Many taxpayers invest throughout the year but forget to claim the full deduction while filing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2Health_Insurance_Premium_Section_80D\"><\/span><strong>2.Health Insurance Premium : Section 80D<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Health insurance can provide valuable tax benefits.<\/p>\n\n\n\n<p>Deduction limits generally include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Self and family<\/li>\n\n\n\n<li>Parents<\/li>\n\n\n\n<li>Senior citizen parents<\/li>\n<\/ul>\n\n\n\n<p>Many salaried individuals fail to claim premiums paid for parents.<\/p>\n\n\n\n<p>This often results in avoidable tax payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3Home_Loan_Interest_Deduction\"><\/span><strong>3.Home Loan Interest Deduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you have a housing loan for a self-occupied property, interest paid may qualify for deduction under applicable provisions of the Income Tax Act.<\/p>\n\n\n\n<p>Common mistakes include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Claiming incorrect amounts<\/li>\n\n\n\n<li>Ignoring co-borrower benefits<\/li>\n\n\n\n<li>Not collecting annual interest certificates<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_House_Rent_Allowance_HRA\"><\/span><strong>4. House Rent Allowance (HRA)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Even high-income salaried employees frequently make HRA mistakes.<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><\/li>\n<\/ol>\n\n\n\n<p>Common issues include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Incorrect rent calculations<\/li>\n\n\n\n<li>Missing landlord PAN details<\/li>\n\n\n\n<li>Not maintaining rent receipts<\/li>\n<\/ul>\n\n\n\n<p>A properly computed HRA claim can significantly reduce taxable income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5National_Pension_System_NPS_Benefits\"><\/span><strong>5.National Pension System (NPS) Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>NPS offers additional tax-saving opportunities beyond Section 80C.<\/p>\n\n\n\n<p>Many salaried taxpayers overlook employer contributions and available deductions while filing their return.<\/p>\n\n\n\n<p>A review of salary structure often reveals missed tax benefits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Interest_Income_Deductions\"><\/span><strong>6. Interest Income Deductions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Interest earned from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Savings accounts<\/li>\n\n\n\n<li>Fixed deposits<\/li>\n\n\n\n<li>Recurring deposits<\/li>\n<\/ul>\n\n\n\n<p>must be reported correctly.<\/p>\n\n\n\n<p>While reporting is mandatory, certain deductions may be available under applicable provisions.<\/p>\n\n\n\n<p>Many taxpayers either forget to disclose interest income or fail to claim eligible deductions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7Education_Loan_Interest\"><\/span><strong>7.Education Loan Interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Interest paid on education loans may qualify for deduction subject to conditions.<\/p>\n\n\n\n<p>This benefit is often missed by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Young professionals<\/li>\n\n\n\n<li>Working executives<\/li>\n\n\n\n<li>Parents servicing eligible education loans<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8Donations_Under_Section_80G\"><\/span><strong>8.Donations Under Section 80G<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Donations made to eligible institutions may qualify for tax deductions.<\/p>\n\n\n\n<p>Before claiming:<\/p>\n\n\n\n<p>\u2714\ufe0f Verify registration details<\/p>\n\n\n\n<p>\u2714\ufe0f Maintain donation receipts<\/p>\n\n\n\n<p>\u2714\ufe0f Ensure compliance with applicable rules<\/p>\n\n\n\n<p>Incorrect claims can trigger scrutiny.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9Leave_Travel_Allowance_LTA\"><\/span><strong>9.Leave Travel Allowance (LTA)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Employees receiving LTA often forget to claim eligible exemptions.<\/p>\n\n\n\n<p>Important considerations include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Travel documentation<\/li>\n\n\n\n<li>Eligible family members<\/li>\n\n\n\n<li>Conditions prescribed under tax laws    <\/li>\n<\/ul>\n\n\n\n<p>Review your salary structure before filing your return.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10Additional_Benefits_for_Homeowners\"><\/span><strong>10.Additional Benefits for Homeowners<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Apart from standard housing loan benefits, taxpayers may be eligible for additional deductions depending on circumstances and applicable provisions.<\/p>\n\n\n\n<p>Professional review can help identify opportunities often missed in self-filed returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"11_Choosing_the_Right_Tax_Regime\"><\/span><strong>11. Choosing the Right Tax Regime<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>One of the biggest mistakes today is selecting the wrong tax regime.<\/p>\n\n\n\n<p>Many taxpayers automatically accept the regime chosen by their employer without performing a proper comparison.<\/p>\n\n\n\n<p>A detailed tax computation can determine whether:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Old Tax Regime is beneficial<\/li>\n\n\n\n<li>New Tax Regime is beneficial<\/li>\n\n\n\n<li>The difference can amount to thousands or even lakhs of rupees.  \n<ul class=\"wp-block-list\">\n<li> Also Read :<a href=\"https:\/\/itradvisor.in\/blog\/old-vs-new-tax-regime-2025\" data-type=\"link\" data-id=\"https:\/\/itradvisor.in\/blog\/old-vs-new-tax-regime-2025\">Old vs New Tax Regime 2025: Stop Guessing, Start Calculating<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12_Reviewing_AIS_Before_Filing_ITR\"><\/span><strong>12. Reviewing AIS Before Filing ITR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This is perhaps the most overlooked step.<\/p>\n\n\n\n<p>Before filing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2714\ufe0f Download AIS<\/li>\n\n\n\n<li>\u2714\ufe0f Review interest income<\/li>\n\n\n\n<li>\u2714\ufe0f Verify dividend income<\/li>\n\n\n\n<li>\u2714\ufe0f Check mutual fund transactions<\/li>\n\n\n\n<li>\u2714\ufe0f Confirm share transactions<\/li>\n\n\n\n<li>\u2714\ufe0f Match TDS details  <\/li>\n<\/ul>\n\n\n\n<p>Also Read: How a Smart AIS Review Before Filing ITR Can Save Salaried Taxpayers from Costly Income Tax Notices in AY 2026-27<a href=\"https:\/\/itradvisor.in\/blog\/smart-ais-review-before-filing-itr\" data-type=\"link\" data-id=\"https:\/\/itradvisor.in\/blog\/smart-ais-review-before-filing-itr\">https:\/\/itradvisor.in\/blog\/smart-ais-review-before-filing-itr<\/a><\/p>\n\n\n\n<p>Many notices issued by the <a href=\"https:\/\/itradvisor.in\/wpblogs\/tag\/incometaxact2025\/\" data-type=\"post_tag\" data-id=\"53\">Income Tax Department<\/a> arise due to AIS mismatches.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Common Mistakes Salaried Taxpayers Make<\/li>\n\n\n\n<li>Every filing season, we frequently see taxpayers making these errors:<\/li>\n\n\n\n<li>\u274c Selecting the wrong ITR form<\/li>\n\n\n\n<li>\u274c Missing interest income<\/li>\n\n\n\n<li>\u274c Ignoring capital gains from shares or mutual funds<\/li>\n\n\n\n<li>\u274c Choosing the wrong tax regime<\/li>\n\n\n\n<li>\u274c Claiming incorrect deductions<\/li>\n\n\n\n<li>\u274c Not reviewing AIS and Form 26AS<\/li>\n\n\n\n<li>\u274c Filing returns based solely on Form 16    <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"These_mistakes_can_lead_to\"><\/span><strong>These mistakes can lead to:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reduced refunds<\/li>\n\n\n\n<li>Additional tax demands<\/li>\n\n\n\n<li>Income tax notices<\/li>\n\n\n\n<li>Delayed processing       <\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Case_Study\"><\/span>Case Study:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>How a Salaried Employee Saved Tax Through Proper Review<\/p>\n\n\n\n<p>A salaried employee earning \u20b918 lakh annually approached us after preparing his return independently.<\/p>\n\n\n\n<p>He believed there was no further tax planning possible because TDS had already been deducted.<\/p>\n\n\n\n<p>During our review, we identified:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unclaimed health insurance deduction<\/li>\n\n\n\n<li>Missed NPS benefits<\/li>\n\n\n\n<li>Incorrect tax regime selection<\/li>\n\n\n\n<li>Reporting gaps in investment disclosures                                        The result was a significantly improved tax position and a correctly filed return.                                                                                      This is why professional review becomes increasingly valuable as income levels rise.                                                                                      Why High-Income Salaried Employees Should Not Depend Only on Form 16                                                                                                             Form 16 is important, but it is not a complete tax filing document.  <\/li>\n<\/ul>\n\n\n\n<p>Your return may also need to account for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank interest<\/li>\n\n\n\n<li>Dividend income<\/li>\n\n\n\n<li>Capital gains<\/li>\n\n\n\n<li>Foreign assets<\/li>\n\n\n\n<li>Rental income<\/li>\n\n\n\n<li>Multiple employers<\/li>\n\n\n\n<li>ESOP transactions<\/li>\n\n\n\n<li>Freelance income<\/li>\n\n\n\n<li>Relying only on Form 16 can lead to incomplete reporting.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1780379629811\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1Is_Form_16_sufficient_for_filing_ITR\"><\/span>1.Is Form 16 sufficient for filing ITR?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Not always. Additional income and disclosures may also need to be reported<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780379694370\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2Can_incorrect_deduction_claims_trigger_a_notice\"><\/span>2.Can incorrect deduction claims trigger a notice?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes. Unsupported or incorrect claims can attract scrutiny from the Income Tax Department.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780379739917\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3Is_salary_above_%E2%82%B910_lakh_taxable_under_the_new_regime\"><\/span>3.Is salary above \u20b910 lakh taxable under the new regime?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes. Taxability depends on total income, deductions, rebates, and applicable tax provisions.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780379791399\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"4Should_salaried_employees_choose_the_old_or_new_tax_regime\"><\/span>4.Should salaried employees choose the old or new tax regime?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The answer varies from person to person. A tax comparison should be performed before filing.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780379827020\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"5Can_I_claim_deductions_after_my_employer_has_deducted_TDS\"><\/span>5.Can I claim deductions after my employer has deducted TDS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>In many cases, eligible deductions can still be claimed while filing your return, subject to applicable provisions.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p>Need Help Filing Your ITR?<\/p>\n\n\n\n<p>If your salary income exceeds \u20b910 lakh, a professional review can help ensure:<\/p>\n\n\n\n<p>\u2705 Correct tax regime selection<\/p>\n\n\n\n<p>\u2705 Maximum eligible tax benefits<\/p>\n\n\n\n<p>\u2705 Proper AIS reconciliation<\/p>\n\n\n\n<p>\u2705 Accurate reporting of all income<\/p>\n\n\n\n<p>\u2705 Error-free ITR filing<\/p>\n\n\n\n<p>\u2705 Reduced risk of notices<\/p>\n\n\n\n<p>At <a href=\"https:\/\/www.adwaniandco.com\/about\/leadership\/dr-haresh-adwani\" data-type=\"link\" data-id=\"https:\/\/www.adwaniandco.com\/about\/leadership\/dr-haresh-adwani\" target=\"_blank\" rel=\"noopener\">Adwani &amp; Co<\/a>.<a href=\"https:\/\/itradvisor.in\/\" data-type=\"link\" data-id=\"https:\/\/itradvisor.in\/\"> ITR Advisor,<\/a> we assist salaried professionals across India with accurate, compliant, and tax-efficient return filing.<\/p>\n\n\n\n<p>Our Services<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Salaried ITR Filing<\/li>\n\n\n\n<li>Tax Regime Comparison<\/li>\n\n\n\n<li>AIS &amp; Form 26AS Review<\/li>\n\n\n\n<li>Capital Gains Reporting<\/li>\n\n\n\n<li>ESOP Taxation<\/li>\n\n\n\n<li>NRI Taxation<\/li>\n\n\n\n<li>Notice Assistance<\/li>\n\n\n\n<li>Refund Optimization<\/li>\n<\/ul>\n\n\n\n<p>Book Your ITR Review Today<\/p>\n\n\n\n<p>Don\u2019t assume your employer has taken care of everything.<\/p>\n\n\n\n<p>A professional review before filing can help you avoid costly mistakes and identify tax-saving opportunities that are often overlooked.<\/p>\n\n\n\n<p>Contact Adwani &amp; Co. today and file your return with confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nidhi Adwani June 2026 6min Read Many salaried employees assume that once TDS has been deducted by their employer, there is little they can do to save tax. That assumption often results in taxpayers paying more tax than legally required. Every year, we meet salaried professionals earning \u20b910 lakh, \u20b920 lakh, \u20b930 lakh or even [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/posts\/373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/comments?post=373"}],"version-history":[{"count":2,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/posts\/373\/revisions"}],"predecessor-version":[{"id":377,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/posts\/373\/revisions\/377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/media\/376"}],"wp:attachment":[{"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/media?parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/categories?post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itradvisor.in\/wpblogs\/wp-json\/wp\/v2\/tags?post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}