1 Deduction in new regime:2 Overview of the New Tax Regime3 Deductions and Exemptions Foregone3.1 √Section 80C:3.2 √Section 80D:3.3 √House Rent Allowance (HRA):3.4 √Leave Travel Allowance (LTA):3.5 √Standard Deduction:3.6 √Interest on Home Loan (Section 24):3.7 √Other Allowances:4 What is Still Available5 Comparing New and Old Regimes6 Case Study Example6.1 Taxpayer A:6.2 Taxpayer B:7 Strategic Considerations8 … Continue reading Navigating the Deductions in the new tax regime: Understanding the Essentials