The new tax regime exemption list is short by design. In exchange for lower slab rates, the new regime under Section 115BAC of the Income-tax Act, 1961 removes most popular exemptions and deductions, such as HRA, LTA, Section 80C and Section 80D. A handful of benefits survive, and knowing exactly which ones can save you money and prevent errors in your return.
That is why taxpayers search for an updated new tax regime exemption list ay 2026-27 before filing. Salaried employees want to know what to declare to their employer. Pensioners and senior citizens want to know whether their age still counts. Freelancers want to know which regime suits them.
FY 2025-26 vs AY 2026-27: what the two labels mean
- Financial Year (FY) 2025-26 is the year in which you earn the income: 1 April 2025 to 31 March 2026.
- Assessment Year (AY) 2026-27 is the year in which that income is assessed and the return is filed: 1 April 2026 to 31 March 2027.
Both labels refer to the same income. So the new tax regime exemption list 2025-26 (by financial year) and the list for AY 2026-27 (by assessment year) are the same list.
Income earned from 1 April 2026 onwards falls under the new Income-tax Act, 2025, which uses a single “Tax Year” label. This article covers income earned in FY 2025-26, which is still assessed under the 1961 Act.
Disclaimer: This article is for general educational purposes only and is not personalised tax advice. Tax rules change through Finance Acts and notifications. Always check the official Income Tax Department and e-filing portal or consult a qualified chartered accountant before filing.
New Tax Regime Exemption List for AY 2026-27
Under the new regime, your total income must be computed without the exemptions and deductions listed in Section 115BAC(2). Anything not on that list, plus the specific carve-outs the law names, is still available. The table below is the practical new tax regime exemption list ay 2026-27 for individuals.
| Deduction or tax benefit | Relevant section | Available under the new regime? | Applicable limit or conditions | Who can claim it? |
|---|---|---|---|---|
| Standard deduction | Section 16(ia) | Yes | ₹75,000 or the salary/pension amount, whichever is lower | Salaried employees and pensioners |
| Family pension deduction | Section 57(iia) | Yes | ₹25,000 or one-third of the family pension, whichever is lower | Family members receiving family pension |
| Employer’s contribution to NPS | Section 80CCD(2) | Yes | Up to 14% of salary (basic + DA) for all employers | Employees whose employer contributes to their NPS account |
| Contribution to Agniveer Corpus Fund | Section 80CCH(2) | Yes | Full amount of the Central Government’s contribution | Agniveers enrolled under the Agnipath Scheme |
| Deduction for new employment | Section 80JJAA | Yes | 30% of additional employee cost for three years, subject to conditions | Businesses with tax audit that hire eligible new employees |
| Travel, tour, transfer and daily allowance | Section 10(14) read with Rule 2BB(1)(a)–(b) | Yes | Actual expenditure incurred for official travel | Employees |
| Conveyance allowance for official duties | Section 10(14) read with Rule 2BB(1)(c) | Yes | Actual expenditure for official duty; not if free conveyance is provided | Employees |
| Transport allowance for employees with specified disabilities | Section 10(14) read with Rule 2BB(2), Sl. 11 | Yes | ₹3,200 per month | Employees who are blind, deaf and dumb, or orthopedically handicapped (lower-limb disability) |
| Interest on loan for a let-out property | Section 24(b) | Yes, with a restriction | Deductible from rental income, but any house property loss cannot be set off against salary or other heads | Owners of let-out property |
| Gratuity, leave encashment, commuted pension, VRS and retrenchment compensation | Section 10(10), 10(10AA), 10(10A), 10(10C), 10(10B) | Yes (not restricted by Section 115BAC) | Each subject to its own statutory limit | Employees on retirement or separation |
| Rebate on tax | Section 87A | Yes | Up to ₹60,000 if total income does not exceed ₹12 lakh; marginal relief above that; not on special-rate income | Resident individuals |
| Lower slab rates | Section 115BAC(1A) | Yes | Nil up to ₹4 lakh; rates rise to 30% above ₹24 lakh | Individuals, HUFs, AOPs, BOIs and AJPs |
Exemption, deduction, rebate and slab benefit: what’s the difference?
- Exemption: An income is not counted in your total income at all. Example: travel allowance spent on official tours under Section 10(14).
- Deduction: An amount is subtracted from your income before tax is calculated. Example: the ₹75,000 standard deduction or employer NPS under Section 80CCD(2).
- Rebate: Tax is first calculated, then reduced. Example: the Section 87A rebate of up to ₹60,000.
- Slab benefit: Part of your income is taxed at nil or a lower rate. Example: the first ₹4 lakh is taxed at nil under the new regime.
This difference matters. A rebate does not make income “exempt”; it only cancels the tax on it if you qualify.
New Tax Regime Exemption List for FY 2025-26
The new tax regime exemption list 2025-26 is identical to the AY 2026-27 list above, because FY 2025-26 is simply the income year that AY 2026-27 assesses. Searches for “new tax regime exemption list 2025 26” and “new tax regime exemption list 2026 27” usually point to the same rules.
Which law and which Finance Act apply?
| Item | Applies to income earned in FY 2025-26 (AY 2026-27) |
|---|---|
| Governing law | Income-tax Act, 1961 |
| New regime provision | Section 115BAC(1A)(iii), inserted by the Finance Act, 2025 |
| Slab rates | Nil up to ₹4 lakh, then 5% to 30% (revised by Finance Act, 2025) |
| Section 87A rebate | Up to ₹60,000 for total income up to ₹12 lakh (Finance Act, 2025) |
| Standard deduction, family pension limit, 14% employer NPS limit | Carried forward from the Finance (No. 2) Act, 2024 |
| Default regime | New regime, unless you opt out |
Do not mix up the rules of nearby years
- AY 2025-26 (FY 2024-25): The new regime slabs started at ₹3 lakh and the rebate was up to ₹25,000 for income up to ₹7 lakh. These figures are now outdated.
- AY 2026-27 (FY 2025-26): The ₹4 lakh nil slab and the ₹12 lakh rebate limit apply. This is the year covered in this article.
- Tax Year 2026-27 (income from 1 April 2026): Assessed under the Income-tax Act, 2025, where the new regime sits in Section 202 instead of Section 115BAC. The section numbers change, so do not use 1961 Act references for that year.
Switching between regimes for FY 2025-26
If you have no business or professional income, you can choose either regime every year while filing your return. If you do have business or professional income, opting out of the new regime requires filing Form 10-IEA by the due date, and you can return to the new regime only once.
Employees must tell their employer which regime they prefer for TDS purposes. If they don’t, the employer deducts TDS under the new regime. This choice is not final; you can still pick the other regime in your return, subject to the rules above.
New Tax Regime Exemption List Under Section 10
Section 10 of the Income-tax Act, 1961 contains dozens of exemptions. The new regime does not remove all of them. Section 115BAC(2)(i) blocks only specific clauses: 10(5), 10(13A), 10(14) (except prescribed allowances), 10(17) and 10(32), plus Section 10AA. Every other Section 10 exemption continues, subject to its own conditions.
Here is the practical new tax regime exemption list under section 10.
Section 10 exemptions NOT available under the new regime
| Exemption | Section | Status under new regime |
|---|---|---|
| House Rent Allowance (HRA) | 10(13A) | Not available |
| Leave Travel Concession / LTA | 10(5) | Not available |
| Most special allowances (children education, hostel, uniform, helper, etc.) | 10(14) | Not available, except those listed below |
| Allowances to MPs and MLAs | 10(17) | Not available |
| Exemption of up to ₹1,500 on a minor child’s clubbed income | 10(32) | Not available |
| Profits of units in Special Economic Zones | 10AA | Not available |
Section 10(14) allowances that ARE still exempt
CBDT Notification No. 38/2020 inserted Rule 2BB(3), which keeps a small set of allowances exempt for new regime taxpayers:
- Travel or transfer allowance – allowance to meet the cost of travel on tour or on transfer [Rule 2BB(1)(a)].
- Daily allowance on tour – allowance for ordinary daily charges when away from the normal place of duty, including during a transfer journey [Rule 2BB(1)(b)].
- Conveyance allowance for official duties – allowance to meet conveyance costs incurred in performing official duties, provided free conveyance is not given by the employer [Rule 2BB(1)(c)].
- Transport allowance for employees with specified disabilities – up to ₹3,200 per month for employees who are blind, deaf and dumb, or orthopedically handicapped with lower-limb disability [Rule 2BB(2), Sl. No. 11].
These are exempt only to the extent actually spent for the stated purpose, where the rule requires it. A fixed allowance paid regardless of actual travel does not become exempt just because of its name.
Free meals through paid vouchers (the ₹50-per-meal benefit under Rule 3(7)(iii)) are not exempt under the new regime.
Other Section 10 exemptions that remain available
Because Section 115BAC does not list them, these exemptions continue for new regime taxpayers, each within its own statutory limits:
- Agricultural income – Section 10(1)
- Gratuity – Section 10(10)
- Commuted pension – Section 10(10A)
- Retrenchment compensation – Section 10(10B)
- Voluntary retirement compensation – Section 10(10C)
- Leave encashment on retirement – Section 10(10AA)
- Life insurance maturity proceeds – Section 10(10D), subject to premium-to-sum-assured conditions
- Provident fund withdrawals and interest (PPF, statutory and recognised PF) – Sections 10(11) and 10(12), subject to conditions
- Specified NPS withdrawals on closure or partial withdrawal – Sections 10(12A) and 10(12B)
- Scholarships for education – Section 10(16)
- Share of profit from a firm – Section 10(2A)
So if your PPF matures in FY 2025-26, it stays exempt under both regimes. What you lose under the new regime is the Section 80C deduction for depositing money into PPF, not the exemption on its withdrawal.
Which Deductions Are Allowed Under the New Tax Regime?
The list of new tax regime deductions is short, but each one can make a real difference. These are the main tax benefits for salaried employees, pensioners and business owners under new tax regime exemption list rules for AY 2026-27.
1. Standard deduction – Section 16(ia)
- Who: Salaried employees and pensioners (pension from a former employer is taxed as salary).
- Amount: ₹75,000 or the salary/pension received, whichever is lower.
- Restriction: Allowed once per person, even if you change jobs or have two employers in the year. It does not apply to family pension, business income or freelance fees.
The standard deduction under the new tax regime is ₹25,000 higher than the ₹50,000 allowed under the old regime.
2. Employer’s contribution to NPS – Section 80CCD(2)
- Who: Employees whose employer contributes to their NPS Tier I account.
- Amount: Up to 14% of salary (basic pay plus dearness allowance) for all employers, government or private.
- Restriction: Only the employer’s share qualifies. Your own contribution under Section 80CCD(1) and the extra ₹50,000 under Section 80CCD(1B) are not allowed under the new regime.
3. Employer contributions to recognised retirement funds
- Employer contributions to a recognised provident fund, NPS and an approved superannuation fund are not taxed as salary up to the prescribed limits.
- Restriction: If the employer’s combined contribution to these three funds exceeds ₹7.5 lakh in a year, the excess (and income on it) is taxed as a perquisite under Section 17(2)(vii). This rule applies under both regimes.
4. Agniveer Corpus Fund – Section 80CCH(2)
- Who: Individuals enrolled in the Agnipath Scheme who subscribe to the Agniveer Corpus Fund.
- Amount: The full contribution made by the Central Government to the Agniveer’s account.
- Restriction: The Agniveer’s own contribution under Section 80CCH(1) is not deductible under the new regime.
5. Family pension deduction – Section 57(iia)
- Who: Family members (such as a spouse or child) receiving pension after an employee’s death.
- Amount: ₹25,000 or one-third of the family pension, whichever is lower.
- Restriction: Family pension is taxed under “Income from other sources”, so the ₹75,000 standard deduction does not apply to it.
6. Deduction for additional employment – Section 80JJAA
- Who: Businesses whose accounts are audited and which hire eligible new employees.
- Amount: 30% of the additional employee cost for three years, subject to conditions.
- Restriction: Mainly relevant to employers and business owners, not to individual employees.
7. Interest on loan for a let-out house – Section 24(b)
- Who: Owners of a property that is let out.
- Amount: Actual interest paid, deducted from rental income.
- Restriction: If this creates a loss, it cannot be set off against salary or any other head under the new regime. Interest on a self-occupied house is not deductible at all.
8. Exempt allowances and retirement benefits
The Rule 2BB allowances (official travel, daily allowance, conveyance and disability transport allowance) and the Section 10 retirement exemptions covered above also remain available.
Deductions and Exemptions Not Allowed Under the New Tax Regime
Section 115BAC(2) removes all Chapter VI-A deductions (Sections 80C to 80U) except Sections 80CCD(2), 80CCH(2) and 80JJAA. It also removes several salary and house property benefits.
| Benefit not allowed | Section | Common examples |
|---|---|---|
| Investment deduction up to ₹1.5 lakh | 80C | PPF, ELSS, life insurance premium, EPF (employee share), tuition fees, home loan principal, 5-year tax-saver FD, Sukanya Samriddhi |
| Own NPS contribution | 80CCD(1), 80CCD(1B) | Employee’s own NPS contribution, including the extra ₹50,000 |
| Health insurance and check-ups | 80D | Mediclaim for self, family and parents |
| Medical treatment and disability | 80DD, 80DDB, 80U | Dependent with disability, specified diseases, self with disability |
| Education loan interest | 80E | Interest on higher-education loan |
| Donations | 80G, 80GGC | Charitable and political donations |
| Rent paid without HRA | 80GG | Self-employed or employees without HRA |
| Interest on savings and deposits | 80TTA, 80TTB | Savings account interest; deposit interest for senior citizens |
| House Rent Allowance | 10(13A) | HRA received from employer |
| Leave Travel Concession | 10(5) | LTA/LTC |
| Entertainment allowance | 16(ii) | Government employees |
| Professional tax | 16(iii) | Tax paid to the state on employment |
| Home loan interest on self-occupied house | 24(b) | Up to ₹2 lakh under the old regime |
| Set-off of house property loss | Section 71 | Loss from let-out property against salary |
Disallowed vs available under a specific provision
Some benefits look similar but are treated differently:
- NPS: Your own contribution is disallowed, but your employer’s contribution under Section 80CCD(2) is allowed.
- Home loan interest: Interest on a self-occupied house is disallowed, but interest on a let-out house is allowed against rent.
- Agniveer: The Agniveer’s own contribution is disallowed, but the government’s contribution under Section 80CCH(2) is allowed.
- Allowances: Most Section 10(14) allowances are disallowed, but official travel, conveyance and disability transport allowances remain exempt.
- PPF and insurance: The deduction for paying into them is gone, but the exemption on eligible maturity proceeds continues.
New Tax Regime Income Tax Slabs for AY 2026-27
The income tax slabs for AY 2026-27 under Section 115BAC(1A)(iii) are below, as published by the Income Tax Department. They apply to all individuals regardless of age.
| Total income (₹) | Tax rate |
|---|---|
| Up to 4,00,000 | Nil |
| 4,00,001 – 8,00,000 | 5% |
| 8,00,001 – 12,00,000 | 10% |
| 12,00,001 – 16,00,000 | 15% |
| 16,00,001 – 20,00,000 | 20% |
| 20,00,001 – 24,00,000 | 25% |
| Above 24,00,000 | 30% |
Basic nil-rate slab and progressive rates
The first ₹4 lakh of total income is taxed at nil. Each higher slab is taxed only on the portion of income that falls inside it, not on your whole income. For example, at ₹10 lakh, only ₹2 lakh is taxed at 10%.
Section 87A rebate
- Who: Resident individuals only. Non-residents and HUFs cannot claim it.
- Limit: If total income does not exceed ₹12 lakh, tax is reduced by up to ₹60,000, which makes the slab tax nil.
- Exclusion: The rebate is not available on tax on special-rate income, such as short-term capital gains under Section 111A or long-term capital gains under Section 112A.
- Salary effect: With the ₹75,000 standard deduction, a resident salaried person earning up to ₹12.75 lakh of salary (and no other income) pays no tax.
Marginal relief
If your total income is slightly above ₹12 lakh, marginal relief ensures your tax does not exceed the income above ₹12 lakh.
Example: Total income is ₹12,10,000. Slab tax is ₹61,500. Marginal relief caps the tax at ₹10,000 (the amount above ₹12 lakh). This relief stops at roughly ₹12.7 lakh, after which normal slab tax is lower.
Surcharge and cess
| Total income | Surcharge (new regime) |
|---|---|
| Up to ₹50 lakh | Nil |
| ₹50 lakh – ₹1 crore | 10% |
| ₹1 crore – ₹2 crore | 15% |
| Above ₹2 crore | 25% (maximum under the new regime) |
Health and education cess of 4% applies on income tax plus surcharge. The maximum surcharge under the old regime is 37%, which makes the new regime cheaper at very high incomes.
A nil slab or rebate is not a blanket exemption
A ₹4 lakh nil slab or a ₹12 lakh rebate limit does not mean all income up to that amount is “tax-exempt”. Special-rate income, such as equity capital gains, is taxed separately and the rebate does not reduce it. You may also still need to file a return, for example to claim a TDS refund or because your gross income exceeds the basic exemption limit.
New Tax Regime Exemption List for Senior Citizens
The new tax regime exemption list for senior citizens is the same as for everyone else. The new regime gives no age-based slab or extra deduction. Seniors can still benefit, mainly through the ₹4 lakh nil slab, the standard deduction on pension and the ₹12 lakh rebate limit.
What senior citizens get under the new regime
| Benefit | Senior citizens (60–79) | Super senior citizens (80+) |
|---|---|---|
| Basic nil-rate slab | ₹4 lakh (same as all ages) | ₹4 lakh (same as all ages) |
| Standard deduction on pension | ₹75,000 | ₹75,000 |
| Family pension deduction | Lower of ₹25,000 or one-third | Lower of ₹25,000 or one-third |
| Section 87A rebate | Up to ₹60,000 if resident and total income ≤ ₹12 lakh | Same |
| Section 80TTB (interest up to ₹50,000) | Not available | Not available |
| Section 80D (health insurance up to ₹50,000) | Not available | Not available |
How interest income is taxed
Interest from savings accounts, fixed deposits, SCSS and post office schemes is fully taxable under the new regime. There is no Section 80TTB deduction.
Separately, from FY 2025-26, banks do not deduct TDS on a resident senior citizen’s interest until it crosses ₹1 lakh in the year under Section 194A. This is only a TDS threshold; the interest is still taxable and must be reported.
Old vs new regime for senior citizens
Under the old regime, seniors get a higher basic exemption: ₹3 lakh for ages 60–79 and ₹5 lakh for 80 and above. They can also claim ₹50,000 under 80TTB and up to ₹50,000 for health insurance or medical expenses under 80D.
Illustrative example (assumptions): Resident, aged 65, pension ₹7 lakh, FD interest ₹2 lakh, no other income or deductions.
| Step | New regime | Old regime (60–79) |
|---|---|---|
| Gross income | ₹9,00,000 | ₹9,00,000 |
| Standard deduction | ₹75,000 | ₹50,000 |
| Section 80TTB | Not allowed | ₹50,000 |
| Taxable income | ₹8,25,000 | ₹8,00,000 |
| Tax after rebate and 4% cess | Nil (87A rebate applies) | ₹72,800 |
For a super senior citizen with the same income, old regime tax would be ₹62,400. The new regime still comes out ahead here. But a senior with large medical insurance premiums or income well above ₹12 lakh should compare both regimes before choosing.
Old Tax Regime vs New Tax Regime
The old tax regime vs new tax regime choice for AY 2026-27 comes down to slab rates versus deductions.
| Feature | New regime (AY 2026-27) | Old regime (AY 2026-27) |
|---|---|---|
| Slab structure | 7 slabs: nil up to ₹4 lakh; 5%, 10%, 15%, 20%, 25%; 30% above ₹24 lakh | Nil up to ₹2.5 lakh (₹3 lakh for 60–79, ₹5 lakh for 80+); 5% to ₹5 lakh; 20% to ₹10 lakh; 30% above ₹10 lakh |
| Standard deduction | ₹75,000 | ₹50,000 |
| Section 80C | Not allowed | Up to ₹1.5 lakh |
| Section 80D | Not allowed | Up to ₹25,000 (₹50,000 for seniors), plus parents |
| HRA and LTA exemptions | Not allowed | Allowed, subject to conditions |
| Home loan interest | Only on let-out property; no loss set-off against other heads | Up to ₹2 lakh on self-occupied property; let-out loss set-off up to ₹2 lakh |
| NPS benefits | Employer contribution only, up to 14% of salary | Own contribution (80CCD(1) + extra ₹50,000 under 80CCD(1B)); employer contribution up to 10% (14% for government employers) |
| Section 87A rebate | Up to ₹60,000; income up to ₹12 lakh | Up to ₹12,500; income up to ₹5 lakh |
| Maximum surcharge | 25% | 37% |
| Suits | People with few deductions, income up to about ₹12.75 lakh salary, young earners, many pensioners | People with large HRA, home loan interest, 80C, 80D and other deductions |
How to Choose Between the Old and New Tax Regimes
No regime is better for everyone. The right choice depends on your income, the deductions and exemptions you can genuinely claim, and whether you qualify for the Section 87A rebate.
A simple four-step comparison
- Add up your gross income from salary, pension, interest, rent and other sources.
- List the old-regime deductions you can actually claim: HRA, 80C, 80D, home loan interest, own NPS contribution and so on. Count only amounts you have paid or will pay.
- Calculate tax under both regimes, including rebate, surcharge and 4% cess. The Income Tax Department’s tax calculator can help.
- Pick the lower figure, keeping in mind the switching limits for business income.
Illustrative example
Assumptions: Resident salaried employee, aged 35, gross salary ₹15 lakh, no other income. Under the old regime, they claim HRA exemption of ₹1.2 lakh, 80C of ₹1.5 lakh and 80D of ₹25,000.
| Step | New regime | Old regime |
|---|---|---|
| Gross salary | ₹15,00,000 | ₹15,00,000 |
| Standard deduction | ₹75,000 | ₹50,000 |
| HRA + 80C + 80D | Not allowed | ₹2,95,000 |
| Taxable income | ₹14,25,000 | ₹11,55,000 |
| Tax including 4% cess | ₹97,500 | ₹1,65,360 |
Even with a further ₹2 lakh of home loan interest on a self-occupied house, old regime tax would be ₹1,07,640, still higher than under the new regime.
At ₹15 lakh gross salary, the old regime wins only if total old-regime deductions (including the ₹50,000 standard deduction) exceed about ₹5.94 lakh. This break-even changes at every income level, so run your own numbers.
When the old regime may still suit you
- You pay high rent in a metro city and receive a large HRA.
- You have a big home loan on a self-occupied house plus full 80C and 80D claims.
- Your combined deductions are large relative to your income.
New Tax Regime Exemption List PDF for AY 2026-27
Many readers search for a new tax regime exemption list pdf, a new tax regime exemption list pdf 2025-26 or a new tax regime exemption list pdf 2026-27. At the time of writing, we could not find a single official government PDF titled as a new regime exemption list. Be careful with files circulating on social media or unofficial sites, as many still show AY 2025-26 slabs.
The reliable alternative is to use the official sources the list is built from. These are the best substitutes for a new tax regime exemption list pdf india or a new tax regime exemption list pdf 2026 27:
| What you need | Official source |
|---|---|
| Slab rates, rebate, surcharge, disallowed and permitted items for AY 2026-27 | Tax Rates and Computation – Income Tax Department |
| The exact legal text of the new regime | Section 115BAC, Income-tax Act, 1961 |
| Finance Act, 2025 and Finance (No. 2) Act, 2024 | Finance Acts – Income Tax Department |
| Section 10, Section 16, Chapter VI-A text | Income-tax Act, 1961 |
| Rule 2BB allowances | Income-tax Rules, 1962 |
| TDS on salary guidance and other clarifications | CBDT Circulars |
| Official tutorial PDF on special tax regimes (check which year it reflects) | Special Regimes for Taxation (PDF) |
| Filing your return for AY 2026-27 | Income Tax e-filing portal |
Tip: Most browsers let you save any official web page as a PDF (Print → Save as PDF). That gives you an offline copy taken directly from the government source, with the date visible.
New Tax Regime Exemption List in Hindi
If you prefer to read tax rules in Hindi, official Hindi-language resources make it easier to understand which exemptions apply. People searching for a new tax regime exemption list in hindi can use these verified government pages:
- Income Tax Department website in Hindi: The department’s site has a Hindi version. Use the “Language Options” menu at the top of incometaxindia.gov.in and select हिन्दी.
- Old vs new regime tax calculator (Hindi): कर कैलकुलेटर: पुरानी व्यवस्था बनाम नई व्यवस्था
- Income-tax Act page (Hindi interface): आय-कर अधिनियम
- Union Budget 2025-26 website in Hindi: indiabudget.gov.in – Budget 2025-26 (Hindi), which carries the Hindi budget documents for the year that set the AY 2026-27 slabs.
We have not verified a dedicated new tax regime exemption list pdf in hindi published by the government. If you need a printable Hindi copy, save the relevant official Hindi page as a PDF from your browser. Where the Hindi and English texts differ, rely on the official English text of the Act and Finance Act for legal accuracy.
Common Mistakes to Avoid
- Claiming Section 80C under the new regime. PPF, ELSS, insurance premium and tuition fees give no deduction under the new regime. Claiming them can lead to a defective return notice or a demand.
- Assuming HRA is exempt under both regimes. HRA under Section 10(13A) is fully taxable in the new regime, even if you pay rent.
- Confusing FY 2025-26 with AY 2026-27. They are the same income year with different labels. Using AY 2025-26 rules for FY 2025-26 income is a common error.
- Treating the rebate as an income exemption. The ₹12 lakh limit is a rebate on tax, available only to residents and not on special-rate income such as equity capital gains.
- Applying outdated slabs. The ₹3 lakh nil slab and ₹7 lakh rebate limit belong to AY 2025-26. For AY 2026-27, use ₹4 lakh and ₹12 lakh.
- Assuming seniors get the same benefits in both regimes. Higher basic exemption, Section 80TTB and higher 80D limits exist only in the old regime.
- Claiming your own NPS contribution. Only the employer’s contribution under Section 80CCD(2) is allowed in the new regime.
- Setting off a house property loss against salary. This is not permitted under the new regime.
- Relying on unofficial or outdated PDF files. Always cross-check with the Income Tax Department’s own pages and the Finance Act, 2025.
Frequently Asked Questions (FAQs)
What is the new tax regime exemption list for AY 2026-27?
It is the set of benefits still permitted under Section 115BAC: the ₹75,000 standard deduction, employer NPS contribution up to 14% of salary, the Agniveer Corpus Fund deduction, the family pension deduction, Section 80JJAA, Rule 2BB official-duty allowances, disability transport allowance and Section 10 retirement exemptions such as gratuity.
Which deductions are allowed under the new tax regime?
Only Sections 80CCD(2), 80CCH(2) and 80JJAA from Chapter VI-A. Outside Chapter VI-A, the standard deduction under Section 16(ia), family pension deduction under Section 57(iia) and interest on a let-out property under Section 24(b) are allowed.
Is Section 80C available under the new tax regime?
No. Investments in PPF, ELSS, life insurance, EPF and similar products do not reduce taxable income under the new regime.
Is HRA exempt under the new tax regime?
No. The HRA exemption under Section 10(13A) is not allowed, so the entire HRA you receive is taxable.
Can I claim Section 80D under the new tax regime?
No. Health insurance premiums for yourself, family or parents cannot be deducted under the new regime.
Is the standard deduction available under the new tax regime?
Yes. Salaried employees and pensioners can deduct ₹75,000, or their salary/pension if it is lower.
Is the new tax regime beneficial for senior citizens?
Often, yes, especially if total income stays within ₹12 lakh (₹12.75 lakh for pension). Seniors with large health insurance premiums, deposit interest or higher incomes should compare both, because the old regime offers a higher basic exemption, 80TTB and 80D.
Where can I download the new tax regime exemption list PDF for 2026-27?
We have not found a dedicated official PDF. Use the Income Tax Department’s Tax Rates and Computation page and the Section 115BAC text, and save them as PDF from your browser if you need an offline copy.
Is the new tax regime exemption list for FY 2025-26 the same as AY 2026-27?
Yes. FY 2025-26 is the year you earn the income, and AY 2026-27 is the year it is assessed. The same rules apply to both labels.
Is a Hindi PDF of the new tax regime exemption list available?
We have not verified an official Hindi PDF. The Income Tax Department’s website and the Union Budget website both have Hindi versions you can read and save.
What is the difference between an exemption, deduction and rebate?
An exemption keeps income out of your total income. A deduction is subtracted from income before tax is worked out. A rebate is subtracted from the tax itself after it is calculated.
Which tax regime should I choose?
Calculate tax under both regimes using your actual income and deductions, then choose the lower one. If you have business income, remember that switching back and forth is restricted.
Conclusion
The new regime trades most exemptions for lower rates. For FY 2025-26, it offers a ₹4 lakh nil slab, a ₹60,000 rebate up to ₹12 lakh of income, and a ₹75,000 standard deduction. HRA, LTA, 80C, 80D and self-occupied home loan interest are not available.
A few valuable benefits remain: employer NPS up to 14% of salary, the Agniveer Corpus Fund deduction, family pension relief, official-duty allowances and retirement exemptions such as gratuity and leave encashment. Senior citizens get no age-based extras, but many still pay less tax under the new regime.
Before you file, compare your tax under both regimes using your real numbers, and verify every figure against the official Income Tax Department pages. Treat this guide as your starting point for the new tax regime exemption list for AY 2026-27, not as a substitute for the law or professional advice.
Official reference links
- Tax Rates and Computation (AY 2026-27 slabs, rebate, permitted and disallowed items) – Income Tax Department
- Section 115BAC, Income-tax Act, 1961 (as amended) – Income Tax Department
- Income-tax Act, 1961 and Income-tax Act, 2025
- Income-tax Rules, 1962 (Rule 2BB)
- Finance Acts and CBDT Circulars
- Special Regimes for Taxation – official tutorial PDF
- Old vs new regime tax calculator (Hindi)
- Union Budget 2025-26 (Hindi)
- Income Tax e-filing portal