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What Are the Extra Tax Benefits I Can Take as a New Tax Regime Opt-in Under 30% Tax Bracket?

Milind

Milind Vadjikar  |680 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Abhishek Question by Abhishek on Feb 05, 2024Hindi
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I have opted for new tax regime. What additional tax benefits/deductions can be availed. I was in 30% tax bracket.

Ans: No tax deductions are applicable in the new regime, except higher standard deduction of 75K.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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