Sl. No. |
Allowances / Exemptions / Deductions |
Old Regime |
New Regime |
1 |
Exemptions / Deduction for Perquisites |
Yes |
No |
2 |
Leave Travel Allowance (LTA) |
Yes |
No |
3 |
House Rent Allowance (HRA) |
Yes |
No |
4 |
Leave Encashment |
Yes |
Yes |
5 |
Gratuity |
Yes |
Yes |
6 |
Allowances under Section 10(14) |
Yes |
No |
7 |
Children Education Allowance |
Yes |
No |
8 |
Standard Deduction |
Yes |
No |
9 |
Professional Tax (PT) |
Yes |
No |
10 |
Interest on Home Loan - Self Occupied (Sec 24) |
Yes |
No |
11 |
Chapter VIA Deductions - 80C, 80D, 80E Etc |
Yes |
No |
12 |
NPS Employee Contribution Section 80CCD(1B) |
Yes |
No |
13 |
NPS Employer Contribution Section 80CCD (2) |
Yes |
Yes |
14 |
Rebate - Section 87A |
Yes |
Yes |