| Particulars | Old Tax Regime | New Tax Regime |
| Investment in LIC, Insurance, PPF, Mutual Fund, School Fees etc. | Allowed up to Rs. 1.5 Lakhs | No deduction allowed |
| | | |
| Employees Contribution to National Pension Scheme( NPS) | Allowed | No deduction allowed |
| | | |
| Employers Contribution to National Pension Scheme (NPS) | Allowed | Allowed |
| | | |
| Medical Insurance Premium/Medical Expenses | Allowed | No deduction allowed |
| | | |
| Education loan Interest | Allowed | Not Allowed |
| | | |
| Saving Bank Interest | Allowed | Not Allowed |
| | | |
| HRA Deduction | Allowed | Not Allowed |
| | | |
| Standard Deduction for Salaried Employee | Rs.50,000 | Rs.50,000 |
| | | |
| No Tax liability up to Rs. | 5 Lakhs | 7 Lakhs |
| | | |
| Tax Rebate allowed up to Rs. | Rs.12,500/10,000 | 25,000 |