List of tax deductions in New tax regime (section 115BAC)

These are the tax deductions retained in the New Tax regime (section 115BAC)

Published on / By M. Pattabiraman Twitter: @pattufreefincal / 8 Comments

Published: February 1, 2020 at 5:19 pm

Last Updated on February 1, 2020 at 5:19 pm

These are the tax deductions retained in the New Tax regime (section 115BAC)


Also see: New tax regime (section 115BAC): you cannot avail these deductions!

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List of tax deductions retained in the New Tax regime (section 115BAC)

  1. Retirement benefits, gratuity etc.
  2. commutation of pension
  3. leave encashment on retirement
  4. retrenchment compensation
  5. VRS benefits
  6. EPFO: Employer contribution
  7. NPS withdrawal benefits
  8. Education scholarships
  9. Payments of awards instituted in public interest

 

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