New Tax Regime Deductions & Exemptions FY 2025-26 (AY 2026-27): Checkout the new tax regime exemption list to know what is allowed and not allowed. Know if HRA in new tax regime and rebate under new tax regime is allowed. The New Tax Regime Exemption list for 2025 allows individuals and Hindu Undivided Families (HUFs) to opt for a simpler income tax system with lower rates and fewer deductions/ exemptions . A tax exemption allows taxpayers to reduce their taxable income, and many are eligible for various exemptions . Below is the updated list for 2025. The Sukanya Samriddhi Yojana maturity payout is still tax -free. The leave encashment during retirement is eligible for tax exemption . While the tax payers might be attracted to the deductions/ exemptions available in the old tax regime , they need to properly assess and compare new vs old tax system to understand the implications of choosing either. Save your taxes under the new regime by claiming eligible deductions. Know the popular and lesser known deductions and exemptions under the new regime !
