New Delhi, Feb. 17 -- With the new tax regime becoming increasingly prevalent and more common, taxpayers stand to lose their eligibility to claim most of the exemption and deductions offered under various provisions such as sections 80C, 80D, 80DD and 80G under the old tax regime.

Nearly 73 percent of taxpayers havealready opted for the new tax regime while CBDT chairman recently stated that he hopes that90 percent taxpayers would go for the new tax regime from the next year.

However, in thenew tax regime, taxpayers can claim deductions only under a few situations which we have listed here.

1)Section 80 CCD (2): This exemption is given for the contributions made by the employer towards the National Pension System (NPS).

2)Section 80CC...