A most salaried individual is confused, they don't know which tax saving investment to considered from the financial year 2020-21. PayHR will help you in knowing which exemptions and deductions will be considered.

List of Exemption and Deductions applicable

Srno	Allowance and Deductions	As per old Regime	As per new Regime
1	Exemption on House Rent Allowance	Considered	Not considered
2	Exemption on Leave Travel Allowance	Considered	Not considered
3	Standard Deduction	Considered	Not considered
4	Professional Tax Deduction	Considered	Not considered
5	Interest on Housing Loan	Considered	Not considered
6	Loss on House Property	Considered	Considered, only when self occupied
7	8C Deduction's : a) Provided Fund (Deduction through salary) b) LIC preimum paid c) Equity Linked Savings Scheme (ELSS) d) Pension fund 80CCC e) Tuition fees for children f) Principal payment on home loans g) Public Provident Fund (PPF) h) Repayment of housing loan principal i) National Saving Certificate (NSC) j) Fixed Depostie saving paln k) Post office time deposits l) NPS (employee deduction through salary) m) Sukanya Samriddhi Account	Considered	Not considered
8	National Pension Scheme (80CCD) Self contibution	Considered	Considered
9	Medical Insurance Self & Parents (80D)	Considered	Not considered
10	Interest on Education loan	Considered	Not considered
11	Donations u/s 80G's	Considered	Not considered
12	Additional benefit on Interest on housing loan (80EE)	Considered	Not considered
13	Additional benefit on Interest on housing loan (80EEA)	Considered	Not considered
14	Saving bank interest (80TTA & 80TTB)	Considered	Not considered
15	Medical treatment Expenses on handicapped Dependent For Handicapped Dependent with disability – u/s 80DD	Considered	Not considered
16	Medical Treatment under specified diseases u/s 80DDB	Considered	Not considered
17	Deductions is respect of rents paid u/s 80GG	Considered	Not considered