Exemptions under New Tax Regime

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Dear Experts ,

Can you pls share what are the list of exemptions under new tax regime , beside 10(10AA) - Leave Encashment , 10(10C) - Voluntary Retirement Compensation and Section 10(10)  - Gratuity ?

is there any exemptions u/s 10 or any other section , that can be mentioned under OTHERS ?

Best Regards

Replies (2)

Some of the exemptions under Section 10 include:

10(1) - Agricultural income 

102)- Amount received by a member from HUF

10(7)- Perquisites/ allowances for employees posted abroad

10(13A) - House Rent allowance (HRA)

10(17)-Allowances for MPs/MLAs

10(32)- Income of minor child clubbed with parent's income (exemption limit)

Other sections providing exemptions include: Section 54 - Exemption on capital gains from sale of residential house

Section 54F-/Exemption on capital gains if invested in a residential house.

Thanks Rama Ji ,

any other section that covers medical expenses and school fees/donations in the new tax regime pls ? ?

I also heard NTR also allows these below exemptions ? can you pls confirm ?

10(12) - employer EPF contribution 
10(10B) - retrenchment compensation

Regards

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