Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
What survives
The new regime is not entirely without deductions. It retains the ₹75,000 standard deduction for salaried taxpayers, the employer NPS contribution under 80CCD(2), the deduction on family pension, and certain others (such as transport allowance for specially-abled employees). Confirm the exact list per the latest Finance Act.
What is gone
Most of what taxpayers actively plan for is removed in the new regime: 80C, 80D, HRA, the self-occupied home-loan interest deduction, 80E, 80G and so on. This is the trade-off for the lower slab rates.
A worked example
Example: a salaried employee with no investments still gets ₹75,000 off automatically and, if the employer funds NPS, that too — often enough to make the new regime the better choice. But someone who genuinely claims ₹1.5 lakh of 80C, ₹25,000 of 80D and HRA usually keeps more under the old regime. Run both before deciding. Our team can compare them.