Mumbai, April 25 -- Though the new tax regime offers a simpler framework by eliminating deductions and exemptions, some incomes are still eligible for tax benefits.

One such income is the interest on post office savings accounts. Under the new regime, taxpayers can claim a tax exemption of up to Rs.3,500 on a single account and up to Rs.7,000 on a joint account under Section 10(15) of the Income Tax Act.

While deductions under Sections 80TTA and 80TTB-applicable to interest from savings accounts-are no longer available in the new regime, certain exemptions under Section 10 continue to be valid.

"Interest earned in statutory provident funds under Section 10(11), recognized provident funds up to 9.5% under Section 10(12), Sukanya Samridd...