New tax regime exemption list: New Tax Regime Deductions &

New Tax Regime Deductions & Exemptions FY 2025-26 (AY 2026-27): Checkout the new tax regime exemption list to know what is allowed and not allowed. Know if HRA in new tax regime and rebate under new tax regime is allowed. The New Tax Regime Exemption list for 2025 allows individuals and Hindu Undivided Families (HUFs) to opt for a simpler income tax system with lower rates and fewer deductions/ exemptions . A tax exemption allows taxpayers to reduce their taxable income, and many are eligible for various exemptions . Below is the updated list for 2025. List of more than 40 deductions and exemptions under New Tax Regime FY 2024-25. Maximize tax savings with this complete guide. Section 115BAC of the Income Tax Act: Explore its revised new tax regime slabs, deductions, exemptions , and key features. Discover simplified tax structures and potential savings to help you make informed financial decisions.