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Investment submission deadline: Here are the deductions which are allowed under New Tax Regime

Deductions under New Tax Regime: Salaried individuals opting for the New Tax Regime can still claim many deductions. A few prominent ones are Standard Deduction and deduction under Section 80CCD (2) for employer's contribution to the National Pension System.

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Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

It is to be noted that deductions under Chapter VI-A deduction (Section 80C, 80D, 80E and so on) are not available for taxpayers who opt for the New Tax regime. However, salaried individuals can still claim two deductions under the new tax regime Standard Deduction and deduction under section 80CCD (2) for employer's contribution to NPS.

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How Much Tax Can You Save In 2023-24 With Your Investments?

How Much Tax Can You Save In 2023-24 With Your Investments?
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How is Income Tax Calculated, Delhi News in Hindi

In today's modern world, income tax is an essential aspect of our financial lives. Whether you're a

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Free ITR filing AY 2023-24: Complete Guide to file Income Tax Return By Self on Incometax gov in (Salaried)

Free ITR filing AY 2023-24: Complete Guide to file Income Tax Return By Self on Incometax gov in (Salaried)
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