Hello Hardik, Can i claim the deduction for the Professional update Allowance under the new tax regime? If yes, under which section ? I am a Government Servant. Thanks.

Ans: Hello Sourav,

I understand your query regarding the Professional Update Allowance. As per the current tax laws in India, there isn't a specific section that allows a deduction for Professional Update Allowance for government employees under the new tax regime.

However, certain allowances are exempt under Section 10(14) of the Income Tax Act, but these are specific and subject to certain conditions. It's important to note that the new tax regime, introduced in the 2020 budget, offers lower tax rates but requires taxpayers to forego most deductions and exemptions.

I would recommend consulting with a tax advisor or your department's finance team for more specific guidance based on your individual circumstances.

I hope this helps!

Best,
Hardik