New Delhi, July 11 -- The new tax regime offers lower tax rates but far fewer deductions and exemptions compared to the old tax regime. Hence, many salaried taxpayers believe there is little they can do to reduce their tax liability.

However, even under the new tax regime, there are some tax-saving provisions that can help lower your tax outgo while filing your income tax return (ITR) for AY 2026-27. Here are five of them.

Salaried employees opting for the new tax regime can claim a standard deduction of Rs.75,000 while filing their tax return.

Under the old tax regime, the standard deduction is Rs.50,000.

Under Section 80CCD(2) of the Income-tax Act, an employer's contribution to the National Pension System (NPS) is exempt up to 14% ...