The adjusted gross total income shall be computed after reducing the following from your gross total income: (a) Amount deductible under Section 80C to 80U (Except Section 80G) (b) Share of profit ...

The new regime offers concessional tax rates but does not allow deductions under various provisions such as Sections 80C, 80D, 80DD and 80G, among others. Here’s a guide to help you make an ...

VI. Deductions permitted: While most deductions under chapter-VIA such as section 80C, 80D, 80DD and 80G are not permitted under the new tax regime. However, there are a few exceptions which are ...