https://www.taxtmi.com/article/detailed?id=9945 The new tax regime under section 115BAC permits individuals and HUFs to elect lower slab rates in exchange for foregoing most exemptions and chapter VIA deductions, including HRA, LTC, standard deduction, 80C investments, housing loan interest and various business and sector specific allowances; limited allowances remain and salaried and non salaried taxpayers follow distinct elective procedures. en-us Mon, 09 Aug 2021 09:52:27 +0530 Mon, 09 Aug 2021 09:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9945 The new tax regime under section 115BAC permits individuals and HUFs to elect lower slab rates in exchange for foregoing most exemptions and chapter VIA deductions, including HRA, LTC, standard deduction, 80C investments, housing loan interest and various business and sector specific allowances; limited allowances remain and salaried and non salaried taxpayers follow distinct elective procedures. Articles Income Tax Mon, 09 Aug 2021 09:52:27 +0530 https://www.taxtmi.com/article/detailed?id=9945