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. 


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


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


Conveyance allowance given for performance of office duties.


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


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.


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