Deduction Under New Tax Regime 2024-25. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. Calculate exempt portion of hra, by using this hra calculator.
Under the revised new tax regime, the individual will forego 70 deductions and tax exemptions, which includes hra tax exemption, lta tax exemption, deduction. Employees choosing the new tax regime are now eligible for a higher deduction of up to 14% of.