Can you claim tax deductions under the new tax regime?
Published in Fortune India | July 2025
For those who don’t typically claim exemptions, such as HRA, home loan interest, or deductions under sections like 80C or 80D, the new system simplifies the process, says Gaurav Jain, Partner, Direct Tax, Forvis Mazars in India. “With reduced tax rates across various slabs and minimal paperwork, it enables salaried professionals, freelancers, and consultants to save without locking their money into long-term instruments.”