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Salaried? Here's your final checklist of tax-saving deductions under old and new regimes for ITR 2025
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3 min read | Updated on July 25, 2025, 07:27 IST
SUMMARY
Not all deductions and exemptions are available under both old and new tax regimes. However, if your income is below ₹12 lakh, this may be the last time you would need to use these tax-saving options.
Here are all deductions and exemptions salaried employees can claim when filing ITR for AY 2025-26. | Image source: Shutterstock
If you are also one of those taxpayers having below ₹12 lakh income, ITR season 2025 may be the last time when you might be claiming these income tax deductions under the old regime.
However, not all of these deductions and exemptions are available under both old and new tax regimes. Here's a final checklist of the tax-saving options under both tax regimes that you can claim when filing ITR this year for income earned in FY 2024-25 (AY 2024-25).
List of deductions and exemptions for ITR filing 2025
- Income level for rebate eligibility under Section 87A: ₹5 lakh in the old regime and ₹7 lakh in the new regime.
- Standard Deduction limit: ₹50,000 in the old regime and ₹75,000 in the new regime.
- Rebate allowed under Section 87A: ₹12,500 in the old regime and ₹25,000 in the new regime.
- Standard Deduction [Section 16(ia)]: Available under both regimes
- Leave Travel concession [Section 10(5)]: Available only in the old regime
- House Rent Allowance [Section 10(13A)]: Available only in the old regime
- Official and personal allowances (other than those as may be prescribed) [Section 10(14)]: Available only in the old regime
- Entertainment Allowance [Section 16(ii)]: Available only in the old regime
- Professional Tax [Section 16(iii)]: Available only in the old regime
- Interest on housing loan for self-occupied house property [Section 24(b)]: Available only in the old regime
- Deduction under Sections 80C to 80U other than specified under Section 80CCD(2), and Section 80CCH(2) [Chapter VI-A]: Available only in the old regime
- Set-off of any loss under the head "Income from house property" with any other head of income: Available only in the old regime
- Exemptions or deductions for allowances or perquisites provided under any other law for the time being in force: Available only in the old regime.
Tax benefits comparison: Old vs New Regime (FY 2024–25)
| Particulars | Old Regime | New Regime |
|---|---|---|
| Income level for rebate eligibility (Section 87A) | ₹5 lakh | ₹7 lakh |
| Standard Deduction Limit | ₹50,000 | ₹75,000 |
| Rebate Allowed (Section 87A) | ₹12,500 | ₹25,000 |
| Standard Deduction [Section 16(ia)] | Available | Available |
| Leave Travel Concession [Section 10(5)] | Available | Not Available |
| House Rent Allowance [Section 10(13A)] | Available | Not Available |
| Official & Personal Allowances [Section 10(14)] | Available | Not Available |
| Entertainment Allowance [Section 16(ii)] | Available | Not Available |
| Professional Tax [Section 16(iii)] | Available | Not Available |
| Interest on Housing Loan [Section 24(b)] | Available | Not Available |
| Deductions under Sections 80C to 80U (except 80CCD(2), 80CCH(2)) | Available | Not Available |
| Set-off of Loss from House Property | Available | Not Available |
| Other Allowance/Perquisite Exemptions under Other Laws | Available | Not Available |
The due date to file ITR for AY 2025-26 without any penalty is September 15, 2025.
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