If someone chooses to opt for the new tax regime(ntr), other than the standard deduction of Rs.50000/-, is there any other expenditure, that would be exempt from tax.For example , expenditure on petrol, telephone, driver's salary etc.
Ans: Hi P
expenditure on petrol, telephone, driver's salary etc. are given by employers to employees of certain ranks or cadre and its given as REIMBURSEMENT so income received as NET income by employee has no such amount hence this REIMBURSEMENT has nothing to do with New or old tax regime