Section 10 deduction

30 July 2023

Section 10 deduction in new tax regime

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5 Replies

sabyasachi mukherjee (26073 Points)
Replied 30 July 2023

Section 10 is exemption .

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 30 July 2023

Section 10 some exemptions are available like gratuity, leave encashmemt, voluntary retirement..

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jagdish chhugani (engineer) (736 Points)
Replied 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

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 30 July 2023

Https://www.policybazaar.com/income-tax/some-of-the-important-deductions-available-in-the-new-tax-regime/

sabyasachi mukherjee (26073 Points)
Replied 01 August 2023

Sec 10 is for exemption

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