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New Income Tax - 2020

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(Querist)
13 February 2020 Dear Experts,

what are the below exemptions are eligible & not eligible ( salaried person) in new Income tax 2020 ??

Professional tax
Leave travel allowance.
HRA
Std Deduction ( Rs.50000)
80 C
80 D
Interest paid ( Housing loan)

kindly clarify the same
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 February 2020 Tax payer has to give up all the referred items to choose the new tax rates.
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Amol S Joglekar

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Amol S Joglekar (Expert)
13 February 2020 if the assessee wants to opt for new rates of tax, then s/he need not consider any of the above referred item



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S. Devi jegatha

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S. Devi jegatha (Querist)
13 February 2020 sirs,
Thanks.
Can we calculate gross salary or CTC ? .
( gross salary - after deduction of PF ( employer contribution)

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