The article discusses which ITR form salaried taxpayers should use, the penalty for filing ITR after the July 31 deadline, and four deductions that can help reduce tax outgo. It also mentions subscribing to The Economic Times Prime for more news updates and offers. Other topics covered in the article include deadly train accidents in India, Israeli-Hezbollah conflict escalation, and political debates between Rajnath and Rahul Gandhi. Additionally, the article highlights budget session moments, stock recommendations, and discussions on tragic incidents at Rau’s IAS Study Centre.