Under the New Tax Regime , you can enjoy a tax -free income of Rs 7.5 lakhs, which is after you apply the standard deduction and tax rebate. New Tax Regime Exemption List 2025 -26 Allowance Exemption Under New Tax Regime Transport Allowances w.r.t. Person with Disabilities (PwD) Conveyance Allowance Travel/ Tour/ Transfer Compensation Understand which deductions are allowed under the new tax regime . Get a breakdown of Section 80C, NPS, HRA, and deduction benefits for salaried taxpayers. A snapshot of the exemptions / deductions applicable for FY: 2024-25 (AY: 2025-26) under the Old and New Tax Regimes are summarized... Save your taxes under the new regime by claiming eligible deductions. Know the popular and lesser known deductions and exemptions under the new regime !