Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?

Section 16 of the Income Tax Act allows a standard deduction from the gross salary of an employee. This deduction is available to all salaried employees, irrespective of their income or deductions claimed under other sections.The standard deduction is a flat deduction, which means that it is not dependent on the actual expenses incurred by the employee. It is a way of providing a basic level of tax relief to all salaried employees. Salaried individuals' standard deduction under the old regime is Rs.50,000 , whereas in the case of the new regime, the limit has been increased to Rs. 75,000 for the FY 2024-25.