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80 U deduction in new tax regime

Others 596 views 4 replies
In the new tax regime,u/s 80 U deduction (75K/1.25K) is allowed.
Replies (4)
No under new tax regime 80u not allowed
You can not claim deduction under section 80u in new regime
New regime chapter via deductions are not allowed

 

Under the New tax regime, we can claim tax exemption for the following:

  1. Transport allowance in case of a specially-abled person.
  2. Conveyance allowance, Daily allowance & Travelling allowance received to meet the expenditure incurred as part of the employment.
  3. Deduction for employer contribution to NPS u/s 80CCD(2),Deduction for additional employee cost u/s 80JJAA,Dedcution amount paid /deposit in the Agniveer corpus fund U/s 80CCH(2)
  4. Standard Deduction of Rs. 50,000 was available under the New Tax Regime also.
  5. Interest u/s 24(b) for let-out property set-off HP income only It means HP loss cannot be set off by other income
  6. Family Pensioners can now claim either Rs. 15,000 or 1/3rd of their pension, whichever is lower
  7. Remaining Deduction not allowed in new regime


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