Section 80C and the New Tax Regime

Is Section 80C available in the new tax regime? Let's start with the direct answer. The short answer

is no. If you have been searching for that deduction column in the new forms

and coming up empty, listen up because this will save you a lot of time. Section 80C,

that famous 1.5 lac rupee deduction limit, is exclusively a feature of the old

tax regime. If you opt for the new regime, that deduction completely disappears.

You cannot claim your EPF, your PPF, your ELSS, mutual funds or

your life insurance premiums. So we can't really compare the differences inside the section

itself, but we can compare the trade-off you're making. Think of the old