Question
Mr. Raj, a salaried individual, claims HRA, standard
deduction, and 80C deductions under the old regime. He is considering switching to the new tax regime under Section 115BAC. Which of the following will he have to forego under the new regime?Solution
Under the new regime (Section 115BAC), most exemptions and deductions including HRA and 80C are not allowed (except 80CCD(2) and some employer contributions).
Do you enjoy working on projects or tasks that require attention to detail?
How do you handle situations where you are required to adapt to change?
How important is it to you to be acknowledged and complimented for your efforts?
How do you typically respond to failure or setbacks?
How do you approach new situations or experiences?
How often do you seek out new experiences or adventures in life?
How do you typically approach conflict resolution?
How do you typically handle stressful situations?
How do you prefer to receive feedback?
How important is it for you to have alone time?
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