Deductions under certain sections

Following deductions not permissible under new regime

1) Standard deduction, entertainment allowance and employment/professional tax u/s 16

2) Deduction deduction under chapter VIA (like section 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC, 80IA, 80-IAB, 80-IAC, 80-IB, 80-IBA, 80TTA,80TTB etc). However, deduction under sub-section (2) of section 80CCD (employer contribution on account of employee in notified pension scheme) and section 80JJAA (for new employment) can be claimed

However rebate u/s 87A is available in new regime

• However exemption in respect of following allowances notified under section 10(14) of the Act shall be allowed to the Individual or HUF exercising option under the new regimea)
• Transport Allowance granted to a handicapped employee to meet expenditure for the purpose of commuting between place of residence and place of duty

1. Conveyance Allowance granted to meet the expenditure on conveyance in performance of duties of an office
2. Any Allowance granted to meet the cost of travel on tour or on transfer
3. Daily Allowance to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty

These deductions are available as usual if the Individual or H.U.F does not opts for concessional rates newly preferred in the latest Budget.

But if the Individual or H.U.F opts for the concessional rate system , following deductions (from above mentioned) are not available:-

1.Section16

2. 80TTA and 80 TTB (fall under chapter VIA)

3. But 87 A is available ( Gross Income condition being satisfied).It does not come under chapter VIA.