Regarding 80 C
This query is : Resolved
Quick Summary
CA Rashmi Gandhi
(Expert)
18 February 2021
Continue under old option but new option also available.
Ganeshbabu K
(Expert)
20 February 2021
The new regime has removed around 70 of the existing deductions and exemptions including HRA, LTA, standard deduction and 80C, which includes investments in Public Provident Fund (PPF) and Equity-Linked Savings Scheme (ELSS), among others.
The taxpayers have the option to continue with the current tax rates and avail various deductions available now,
The taxpayers have the option to continue with the current tax rates and avail various deductions available now,
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