Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
What you still get
The new regime is built on lower rates with fewer breaks, but it is not zero. Salaried taxpayers keep the ₹75,000 standard deduction; the employer’s NPS contribution under Section 80CCD(2) remains deductible; and the deduction on family pension continues. A handful of other specific items also survive. Confirm the current list and the standard-deduction figure per the Finance Act.
What you lose
Most of the familiar deductions are gone under the new regime: 80C (PF, LIC, ELSS), 80D (health insurance), HRA, and the home-loan interest deduction on a self-occupied house. So if you rely heavily on these, the old regime can still win.
A worked example
Example: a salaried employee with no major investments and no home loan usually pays less under the new regime — the ₹75,000 standard deduction plus lower slabs beat itemising. But someone paying rent and a home loan, and investing in 80C, may keep more under the old regime. The only reliable answer is to compute both. Our team can run the comparison for your numbers.