The Economic Times

New income tax regime: Dont miss out on these 3 key deductions that will reduce your taxable income & help save more tax

Many taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000 standard deduction. Employer contributions to NPS and interest on home loans for let-out properties are also still permissible, reducing overall tax liability.