New Tax Regime Exemption List PDF

PDF Name	New Tax Regime Exemption List
No. of Pages	3
PDF Size	0.13 MB
PDF Category	Education & Jobs
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Uploaded By	Pradeep

New Tax Regime Exemption List - Summary

The New Tax Regime was introduced with the altered tax slabs and concessional tax rates. It applies to all taxpayers, including individuals, Hindu Undivided Families (HUFs), and Association of Persons (AOPs).

In the case of salary income, the Standard Deduction of Rs 50,000, which was previously only available under the Old Tax Regime, was extended to the new tax regime. Under the New Tax Regime, you can enjoy a tax-free income of Rs 7.5 lakhs, which is after you apply the standard deduction and tax rebate.

New Tax Regime Exemption List 2025 -26

Allowance Exemption Under New Tax Regime

Transport Allowances w.r.t. Person with Disabilities (PwD)
Conveyance Allowance
Travel/ Tour/ Transfer Compensation
Perquisites for Official Purposes
Exemptions for Voluntary Retirement Scheme u/ Section 10(10C)
Gratuity Amount u/ Section 10(10)
Leave Encashment u/ Section 10(10AA)

Deduction Under New Tax Regime

1. Deduction for Housing Loan (Let Out Property)

Nature of Property	Purpose of Loan	Allowable (Maximum Limit)
Let Out	Construction or purchase of house property	Actual value without any limit

2. Tax Deductions under Chapter VIA of the Income Tax Act
Section 80CCD(2) – Employer’s Contribution to NPS (Pension Scheme of Central Government)

Employer Category	Deduction Limit
All categories of employers	14% of salary

Section 80CCH – Contribution to Agnipath Scheme (Agniveer Corpus Fund)

Contributor	Deduction Allowed
Individual enrolled in Agnipath Scheme (from Nov 1, 2022)	100% of amount paid or deposited to Agniveer Corpus Fund
Central Government contribution to Agniveer’s account	100% of amount contributed by Central Government

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