The Economic Times

New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26

Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.