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  2. www.incometax.gov.in › iec › foportalFAQs on New vs. Old Tax Regime (AY 2024-25)

    Yes, Standard deduction of Rs.50,000 or the amount of salary, whichever is lower, is available for both old and new tax regimes from AY 2024-25 onwards. 6) In the new tax regime can I claim deductions under chapter-VIA like section 80C, 80D, 80DD, 80G etc. while filing the ITR for AY 2024-25?

  3. www.incometax.gov.in › iec › foportalCOMMON ITR ISSUES AND FAQ’S FOR FILING RETURN FOR AY 2024-25 ...

    Ans: From AY 2024-25, new tax regime has become the default tax regime and VIA deductions cannot be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section 115BAC of the Income Tax Act, 1961.

  4. www.caclubindia.com › articles › faqs-on-new-vs-oldFAQs on New Vs Old Tax Regime For AY 2024-25 - CAclubindia

    Jul 8, 2024 · Ans: In the new tax regime, Chapter VIA deductions cannot be claimed, except deductions under 80CCD (2), 80CCH, and 80JJAA, as per the provisions of Section 115BAC of the Income Tax Act, 1961.

  5. taxguru.in › income-tax › exemptions-deduction-newExemptions & Deduction under New Tax Regime for FY 2023-24 ...

    Apr 16, 2024 · Explore the exemptions and deductions allowed under the new tax regime for FY 2023-24 (AY 2024-25). Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.

  6. www.caclubindia.com › articles › common-itr-issuesCommon ITR Issues And FAQs For Filing Return For AY 2024-25

    Jul 8, 2024 · Ans: From AY 2024–25, the new tax regime has become the default tax regime, and VIA deductions cannot be claimed except deductions under 80CCD(2), 80CCH, and 80JJAA as per the provisions of Section 115BAC of the Income Tax Act, 1961.

  7. cleartax.in › s › new-tax-regime-frequently-askedNew Tax Regime 2024: All Your Questions Answered - ClearTax

    Budget 2024 has increased the standard deduction limit under the new tax regime from ₹ 50,000 to ₹ 75,000 for the AY 2025-26 (FY 2024-25). However, taxpayer has to keep in mind that for the AY 2024-25 standard deduction for salaried individuals will remain ₹ 50,000.

  8. upstox.com › news › personal-financeYou can claim these deductions under the new tax regime ...

    Feb 13, 2024 · In case you have opted for the new tax regime, the good news is that you can still claim certain deductions with effect from FY 2023-24 (AY 2024-25). In Budget 2023, the government made the new tax regime the default with an option for the taxpayers to opt out.