Deductions under New Tax Regime

Published : 20 Feb 2023

The employer’s contribution to notified pension account under Section 80CCD (2) of the Income Tax Act. However, this deduction cannot exceed 10% of the employee’s previous year’s salary. 

1

Up to 30% of additional employee cost as per Section 80JJAA of Income Tax Act.

2

Transport allowance given to differently-abled employees (divyang) to commute between the place of residence and the place of work.

3

Conveyance allowance given for performance of office duties.

4

Any allowance given to meet the cost of tour/ travel.

5

Daily allowance given to an employee to meet the ordinary daily charges when he/she has to work at a place different from the normal place of duty.

6

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