If an individual opts to be taxed under the new alternative tax regime, which of following deduction will be allowed:

CS Executive · Tax Laws and Practice · PYQS · December 2021
If an individual opts to be taxed under the new alternative tax regime, which of following deduction will be allowed:
(A) Leave Travel Concession
(B) Tax on Employment
(C) HRA
(D) Special Allowances exempt u/s 10(14)

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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