Tag: income tax deductions 2025

Deductions Under New Tax Regime (FY 2025-26): Complete List, Rebate, and Employer Benefits Explained

Sep 6, 2025

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by

Himanshu

in Finance and Accounting

Deductions Available Under the New Tax Regime (FY 2025-26, AY 2026-27) The New Tax Regime under Section 115BAC has become the default tax regime from FY 2023-24 onwards. It offers lower tax rates but removes most exemptions and deductions available under the old regime. Still, many taxpayers are confused about what deductions are allowed in…