What steps can be taken to reduce tax in the new regime ?

How to reduce tax in the new tax regime.......

1.    National Pension Scheme (NPS)

You can take yourself out of the old tax regime, but you can never stop the NPS from reducing your tax liability.

2.    Flexi benefit plan (FBP) Many companies offer FBP as a part of your CTC. Without getting into too much detail, some of the common types of FBP are Fuel expenses Telephone and internet bills Food expenses (Sodexo meal card is pretty popular) Leave travel allowance Books, and periodicals.  

3.    Employees' Provident Fund (EPF)

Your employer matches the amount you contribute each month to the EPF. This amount can be used for a tax deduction. 

Although you don't get the additional tax deduction of up to Rs 2 lakh under the new tax regime, your employer's NPS contribution is considered under the new regime. That's right, just like with a provident fund, your employer can contribute to the NPS, though they are not mandated to match your monthly investment. 

So rejoice, faithful to the new tax regime.

Happy Investing