What deductions can taxpayers claim under the new tax regime?

Salaried taxpayers under the new tax regime can claim specific deductions like the standard deduction of ₹75,000 and the employer's NPS contribution. For a let-out property, interest on a housing loan is deductible, but any resulting loss from house property cannot be set off against salary income. Gratuity, leave encashment and official duty allowances also remain fully or partially tax-exempt.

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