In the new tax regime should I avail the tax exemputions under the 80C, Home loan interest, satndard deduction etc.
Ans: Under new tax regime, allowances/exemptions like House rent allowance, Leave Travel allowance, Helper allowance, Children education allowance, helper allowance, 80C, housing loan interest (on self occupied property) etc will not be allowed. However, as per changes proposed in Budget 2023, standard deduction will be available.