Deductions & Exemptions available in New Tax Regime F.Y 2023-24 (A.Y 2024-25)| Benefits of New tax
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In this video, we will discuss, deductions and exemptions available in new tax regime
1. Standard deduction allowed in New Tax regime.
2. Perquisites for official purpose.
3 interest on home loan u/s 24 (b) on let out property.
4. Employer contribution to NPS-Section 80 CCD(2).
5 All contribution to Agniveer corpus fund-section 80 CCH
6. Deduction on Family Pension -1/3 of pension or 15000 whichever is lower
7. Gifts upto Rs 50000
8. Exemption on voluntary retirement
9. Exemption on Gratuity u/s 10(10)
10. Daily allowances
11. Transport allowance for specially disabled person
12. Slab rate in new tax regime
13 Rebate u/s 87 A in New Tax Regime
