Another popular deduction under the old tax regime is Section 80C, which covers contributions to LIC, PPF ... the inclusion of House Rent Allowance (HRA) in the new regime has also gained traction.
Experts are advocating for the inclusion of HRA, enhancements to Section 80C tax ... such as contributions to LIC and PPF. Under Section 80C, individuals and Hindu Undivided Families (HUFs ...