Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes The new tax regime (Sec. 115BAC) disallows most deductions (80C, 80D, etc.) and exemptions (HRA, LTA, etc.), but some important benefits continue under both regimes. 1. Standard Deduction [Sec. 16(ia)] Available to salaried taxpayers and pensioners. Old Regime: Flat ₹50,000. New…
The post Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes appeared first on The Tax Talk.
