There are certain deductions and exemptions in the new tax regime
1. Transport Allowances w.r.t. Person with Disabilities (PwD) 2. Conveyance Allowance 3. Travel/ Tour/ Transfer Compensation
4. Perquisites for Official Purposes 5. Exemptions for Voluntary Retirement Scheme u/ Section 10(10C) 6. Gratuity Amount u/ Section 10(10)
7. Leave Encashment u/ Section 10(10AA) 8. Interest on Home Loan on Lent-out Property u/ Section 24 9. Gifts of Up to Rs. 5,000
10. Employer’s Contributions to Employees NPS Accounts u/ Section 80CCD(2) 11. Additional Employee Costs u/ Section 80JJA 12. Standard Deductions on Family Pension u/ Section 57(IIA) 13. Deductions on Deposits in Agniveer Corpus Fund u/ Section 80CCH(2)
Thank You for reading