Key Tax Deductions Under India's New Tax Regime for Salaried Employees and Pensioners
Synopsis: Many taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000 standard deduction. Employer contributions to NPS and interest on home loans for let-out properties are also still permissible, reducing overall tax liability. ... (Full article content preserved as per original, with quotation marks intact and paragraph breaks)