{"id":855,"date":"2026-05-22T08:14:25","date_gmt":"2026-05-22T08:14:25","guid":{"rendered":"https:\/\/komplytek.com\/blogs\/?p=855"},"modified":"2026-05-22T08:14:25","modified_gmt":"2026-05-22T08:14:25","slug":"section-123-of-the-income-tax-act-2025-detailed-guide-to-tax-saving-deductions","status":"publish","type":"post","link":"https:\/\/komplytek.com\/blogs\/section-123-of-the-income-tax-act-2025-detailed-guide-to-tax-saving-deductions\/","title":{"rendered":"Section 123 of the Income Tax Act, 2025 \u2013 Detailed Guide to Tax Saving Deductions\u00a0"},"content":{"rendered":"

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The Income Tax Act, 2025 has introduced a revised structure for various provisions under the Indian taxation system. One of the most important changes for individual taxpayers is the replacement of Section 80C of the Income Tax Act, 1961 with Section 123 under the new Act.<\/p>\n

Section 123 continues to provide deductions for specified investments, savings schemes, insurance premiums, and certain expenses incurred by taxpayers. Although the numbering and drafting style have changed under the Income Tax Act, 2025, the fundamental objective of encouraging long-term savings and disciplined financial planning remains unchanged.<\/p>\n

For salaried individuals and small taxpayers, Section 123 is expected to remain one of the most widely used deduction provisions under the Income Tax Act, 2025.<\/p>\n

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