Tax Deduction in New Tax Regime

Income Tax Act
1
  1. Is Section 80G deduction (50% or 100%) allowed if I opt for the new tax regime under Section 115BAC?
  2. If 80G is not allowed, is there any alternative provision under the new regime to claim tax benefit on donations to NGOs?
  3. Is opting for the old tax regime the only way to claim tax deduction on NGO donations?
  4. From a tax-planning perspective, which regime would you recommend and why?
2
  1. Exemption under section 80G cannot be availed if we opt for new tax regime
  2. To the best of my understanding there is no alternative provision under the IT Act to claim such benefits
  3. Yes
  4. One will have to work out the tax liability under both the schemes and decide the on the regime. There is no “one size fits all” formula for this. Old regime may be beneficial if an individual has an ongoing home loan. Plus the other deductions that are avaliable
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