Income Tax label mapping: IT Act 1961 vs IT Act 2025
Updated in April - 2026 | Subscribe to watch greytHR how-to video
With the introduction of the Income Tax Act, 2025 and IT Rules, 2026, several section names and labels in the Income Tax module have been updated.
To ensure compliance and consistency, these updated labels are now reflected across greytHR in areas such as IT Declarations, Tax Planner, IT statements, and statutory forms.
This article helps you quickly understand how old labels (IT Act, 1961) are mapped to new labels (IT Act, 2025).
INFO: For a high-level summary of changes, refer to:
Income Tax Key Changes (FY 2026–27)
What is changing?
Section names and references have been updated as per the new Act
Chapter names have been reorganized
Labels across UI, reports, and help text are updated accordingly
Applicability
These changes are effective from April 2026 (Tax Year 2026–27)
Until March 2026, the system will continue to display old labels (IT Act, 1961)
From April 2026 onwards, only new labels (IT Act, 2025) will be shown
Key terminology update
Financial Year (FY) → Tax Year (TY)
The concepts of Financial Year and Assessment Year are replaced with a single Tax Year. For example. April 1, 2026 – March 31, 2027 → Tax Year 2026–27
How labels are displayed in greytHR
To maintain consistency across the application, labels will appear in the following formats:
Section headings: Section N (X)
Field names / sub-sections: Sec N (X)
Inline references: N(X)
Label mapping (old vs new)
The table below lists commonly used Income Tax sections and their updated labels:
| Category | Old Label (IT Act 1961) | New Label (IT Act 2025) | Description |
|---|---|---|---|
| Category | Old Label (IT Act 1961) | New Label (IT Act 2025) | Description |
| Exemption | Section 10(5) | Section 11 (Sch III (8)) | Travel concession (LTA/LTC) |
| Exemption | Section 10(10) | Section 19 (1)(3) | Gratuity exemption |
| Exemption | Section 10(10A) | Section 19 (1)(7) | Commuted pension |
| Exemption | Section 10(10AA) | Section 19 (1)(14) | Leave encashment |
| Exemption | Section 10(13A) | Section 11 (Sch III (11)) | House Rent Allowance (HRA) exemption |
| Exemption | Section 10(14) | Section 11 (Sch III (12)) | Special allowances |
| Deduction | Section 16(ia) | Section 19 (1)(2) | Standard deduction |
| Deduction | Section 16(iii) | Section 19 (1)(1) | Professional tax |
| Deduction | Section 24 | Section 22 | Housing loan interest |
| Deduction | Section 80C | Section 123 | Investments (LIC, PPF, ELSS, etc.) |
| Deduction | Section 80CCC | Section 123 | Pension fund contribution |
| Deduction | Section 80CCD | Section 124 | NPS contributions |
| Deduction | Section 80D | Section 126 | Health insurance premium |
| Deduction | Section 80DD | Section 127 | Dependent with disability |
| Deduction | Section 80DDB | Section 128 | Medical treatment (specified diseases) |
| Deduction | Section 80E | Section 129 | Education loan interest |
| Deduction | Section 80EE | Section 130 | Housing loan (affordable housing) |
| Deduction | Section 80EEA | Section 131 | Housing loan (specific cases) |
| Deduction | Section 80G | Section 133 | Donations |
| Deduction | Section 80GG | Section 134 | Rent paid (no HRA) |
| Deduction | Section 80GGC | Section 137 | Political contributions |
| Deduction | Section 80TTA | Section 153 (2)(a) | Savings bank interest |
| Deduction | Section 80TTB | Section 153 (2)(b) | Senior citizen interest |
| Deduction | Section 80U | Section 154 | Person with disability |
| Deduction | Chapter VI-A | Chapter VIII | Other deductions |
| Regime/Rebate | Section 115BAC | Section 202 | New tax regime |
| Regime/Rebate | Section 87A | Section 156 | Tax rebate |
| Regime/Rebate | Section 89 | Section 157 | Relief on salary arrears |
| TDS | Section 192 | Section 392 | TDS on salary |
| TDS | Section 192(2B) | Section 392(4) | Other income declaration |
| TDS | Section 194P | Section 392(8) | Senior citizen exemption |
| TDS | Section 197 | Section 395 | Lower/nil TDS certificate |
| TDS | Section 234E | Section 427 | Late filing fee |
| Forms | Form 16 | Form 130 | Salary TDS certificate |
| Forms | Form 24Q | Form 143 | Quarterly TDS return |
| Forms | Form 12BB | Form 124 | Investment declaration |
Where will the changes reflect?
These updated labels are reflected across the following areas in greytHR:
Admin portal
System Settings → Income Tax → IT Declarations
Payroll → Payroll Inputs → Income Tax
Payroll → Published Info → IT Declarations
Payroll → Published Info → IT Statements
Employee Self Service (ESS)
Salary → IT Declaration (Declare & My Tax Planner)
Salary → IT Statements
Form 12BB
Important notes
All references to old sections are fully replaced with new labels from April 2026
Changes apply to:
Section headings
Field names
Help text
Reports and forms
Note: If you have questions about these changes or need assistance, contact the greytHR support team.
Related article:
IT Rules 2026-Key changes from tax year 2026-27