Tax deductions available to a Salaried Person under Chapter VIA of the Income Tax Act

In this article we have shared the deductions available to a salaried person under income tax law to reduce his income tax liability.

These Deductions will not be available to a taxpayer opting for the New Tax Regime u/s 115 BAC, except for deduction u/s 80CCD (2) which will be applicable for New Tax Regime as well.

Last updated till 28.09.2022.