Exemptions under New Tax Regime

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)
Quick Summary
This discussion explores exemptions available under the new tax regime beyond common ones like leave encashment and gratuity. It lists various Section 10 exemptions, including agricultural income, HUF receipts, HRA, and allowances for employees abroad. The thread also touches upon capital gains exemptions under Sections 54 and 54F, and employer EPF contributions.

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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