New Delhi, Feb. 25 -- As the financial year 2024-25 is about to end in five weeks,taxpayers must be looking for investment avenues which they can explorebefore March 31 which can be availed for claiming tax deduction.

Since deductions under80C, 80D, 80DD and 80G are not permitted in the new tax regime, taxpayers can still claim a few deductions which are listed below.

As per the provision of Section 115BAC of the Income Tax Act, 1961, these are the deductions allowed for taxpayers under the new tax regime:

I.Deduction under section 80 CCD (2): The deduction is given for investment made on the employer's contribution to the National Pension System (NPS). An employer can make contributions towards NPS apart from those made towards PPF an...