Section 10 deduction

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141 Points Posted on 30 July 2023
Section 10 deduction in new tax regime
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On 30 July 2023 at 13:04 Report
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Quick Summary
The new tax regime has significantly altered the availability of Section 10 deductions. While Section 10 typically refers to exemptions like gratuity or leave encashment, many of these are no longer permissible under the updated tax rules. Salaried individuals may still benefit from a standard deduction of £50,000.

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Profession
28269 Points Posted on 30 July 2023
Section 10 is exemption .
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On 30 July 2023 at 14:44
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Semi Qualified CA
3208 Points Posted on 30 July 2023
Section 10 some exemptions are available like gratuity, leave encashmemt, voluntary retirement..
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On 30 July 2023 at 16:47
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engineer
1085 Points Posted on 30 July 2023

NO deduction in new tax regime for Section 10

now only 50000 standard deduction  if you are salaried

read 
https://economictimes.indiatimes.com/wealth/tax/new-tax-regime-2023-list-of-tax-deductions-exemptions-not-available/articleshow/97552935.cms

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On 30 July 2023 at 16:53
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Semi Qualified CA
3208 Points Posted on 30 July 2023
Https://www.policybazaar.com/income-tax/some-of-the-important-deductions-available-in-the-new-tax-regime/
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On 30 July 2023 at 17:22
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Profession
28269 Points Posted on 01 August 2023
Sec 10 is for exemption
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On 01 August 2023 at 07:14

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