New Regime Tax Deductions and Exemptions FY 2023-2024

Standard Deduction INR 50,000/-

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Perquisites for official purposes

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Interest on Home Loan u/s 24b on let-out property

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Employer’s contribution to NPS

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Gifts up to INR 50,000

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Exemption on voluntary retirement Sec 10(10C)

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Exemption on Leave Encashment Sec 10(10AA)

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Exemption on gratuity Sec 10(10)

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Transport Allowance for a specially abled person

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Conveyance Allowance

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