New Tax Regime Exemption List

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)

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